Culture in the banking regulators: the need for challenge

Dr Holly Powley, Lecturer in Law, University of Bristol Law School

Dr Holly Powley, Lecturer in Law, University of Bristol Law School

In the aftermath of the financial crisis, a debate has been raging about the culture of financial services institutions – both in terms of how individuals working with financial institutions conduct themselves, but also on attitudes towards risk-taking within these institutions.

Given that banks are now considered to provide consumers with a service that is essential to the operation of the modern economy, this is an important debate. However, those tasked with regulating and supervising the banking sector haven’t escaped this scrutiny either.

If the UK is to avoid a future financial crisis of the magnitude experienced between 2007 and 2009, there also needs to be a culture change within the institutions tasked with overseeing the UK’s financial services sector.

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Independent verification of the UK’s greenhouse gas report: holding the Government to account

PhD student, Atmospheric Chemistry Research Group, School of Chemistry, University of Bristol

Dan Say, PhD student, Atmospheric Chemistry Research Group, School of Chemistry, University of Bristol

In the early hours of October 15th, negotiators from over 170 countries finalised a legally binding accord, designed to counter the effects of climate change by way of phasing down emissions of Hydrofluorocarbons (HFCs). These gases, introduced to replace the ozone-depleting CFCs and HCFCs for which the original Montreal Protocol was drafted, are typically used as coolants in air-conditioning systems. Unfortunately, like their predecessors, they are potent greenhouse gases, whose climate forcing effect per molecule is often many thousands of times greater than carbon dioxide.  Continue reading

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