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GC Asia
Howard Davies spreads crisis blame wide
Sir Howard Davies, former chair of the FSA, spoke about a “crisis blamed on many causes, some of them illegitimate”, at the London School of Economics on Tuesday.
Financial crisis problems he identified as genuine, but unsolved, include global trade imbalance, income inequalities, how to apply monetary policy to financial stability, establishing countercyclical capital rules and US regulation. Davies also lambasted politicians for trying to solve non-problems that had nothing to do with the financial crisis,
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