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RSS FeedsWhat is finance for?
(WorldNews France)

 
 

12 august 2020 19:01:35

 
What is finance for?
(WorldNews France)
 


The need to rebuild and renew economies after the devastating effects of the Covid-19 pandemic ought to accelerate the finance sector`s attempts to rediscover a sense of purpose. Ask people what the purpose of the financial sector is, and more often than not you`ll get the answer: `making lots of money.` After the financial crisis of 2008, there was an opportunity to change that. It wasn`t taken. Politicians and policymakers decided to restore the past, rather than look for a different future. In terms of financial regulation, they did try to come up with a better version of the past. But everything else was to stay the same. Mervyn King, Governor of the Bank of England when the crisis hit,...


 
12 viewsCategory: General > Europe > France
 
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