Howard Davies: the Future of Finance - Who is to Blame?

The speaker reflects on the financial crisis, noting the unusual reversal in the process of forming a central narrative. Initially thought to be centered on the subprime issue in the US, the crisis has since seen a proliferation of explanations. The speaker critiques regulatory reforms, suggesting they are not well-aligned with the crisis's causes. Emphasis is placed on the importance of integrating monetary and macroprudential policies to avoid conflicting systems. The talk concludes with gratitude to contributors and hopes for influencing policy.

What new insight or understanding did you gain from this video?