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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Miller: Why the Government should argue that Article 50 is reversible

Dr Phil Syrpis, Reader in Law, University of Bristol

Professor Phil Syrpis, Professor of EU Law, University of Bristol

Last week’s judgement in the High Court is a ringing endorsement of the sovereignty of Parliament. It asserts that ‘Parliament can, by enactment of primary legislation, change the law of the land in any way it chooses’ (at [20]).

It explains why the ‘subordination of the Crown (i.e. executive government) to law is the foundation of the rule of law in the United Kingdom’ (at [26]), including references to the bedrock of the UK’s Constitution, the Glorious Revolution, the Bill of Rights, and constitutional jurist AV Dicey’s An Introduction to the Law of the Constitution.

The Crown has broad powers on the international plane, for example to make and unmake treaties, but as a matter of English law, these powers reach their limits where domestic law rights are affected. EU law, by virtue of the European Communities Act 1972 (described again as a constitutional statute), does indeed have direct effect in domestic law. As a result of the fact that the decision to withdraw from the European Union would have a direct bearing on various

The Royal Courts of Justice in London, home of the Senior Courts of England and Wales. Credit- Anthony M. from Rome, Italy - Flickr

The Royal Courts of Justice in London, home of the Senior Courts of England and Wales. Credit- Anthony M. from Rome, Italy – Flickr

categories of rights outlined in the judgement (at [57]-[61]), the Crown cannot, without the approval of Parliament, give notice under Article 50.  Continue reading

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Donald Trump, the 2016 Election, and Historical Comparisons

Dr Julio Decker, Lecturer in North American History, University of Bristol

Dr Julio Decker, Lecturer in North American History, University of Bristol

In every American election cycle, superlatives abound. In 2016, they have been predominantly negative: the election is characterised as the worst or most depressing ever, but some have emphasised that the nation has recovered before after divisive campaigns. As a historian, I am acquainted with explaining the present through the past: we evaluate similarities, continuities and changes to explain the state of today’s world. But what can we actually learn from the past regarding the 2016 election?

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The Bristol City Office – what’s it all about?

Tessa Coombes - PhD student in Social Policy, University of Bristol

Tessa Coombes – PhD student in Social Policy, University of Bristol

Last Thursday saw the launch of the Bristol City Office, an idea that has been six years in the making. It’s an idea that seeks to address some of the challenges faced by the public sector, with ever decreasing budgets and reducing powers. It’s about partnership and collaborative governance, bringing organisations, individuals and budgets together to tackle the issues that we have failed to tackle before, where collaboration and joint working are essential, alongside the willingness to be creative and innovative. But why will this approach work when other attempts have failed and how is this different?

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The UK Diet and Diabetes Questionnaire: A new tool for assessing dietary habits

clare_england

Dr Clare England, Senior Research Associate and Specialist Diabetes Dietitian, in the Centre for Exercise, Nutrition and Health Sciences and the NIHR Biomedical Research Unit in Nutrition, Diet and Lifestyle.

Dr Clare England discusses the challenges of providing individualised dietary advice for people with Type 2 diabetes and introduces a new, validated assessment tool, the UKDDQ, that may offer a solution.

Diabetes UK estimates that over 3 million people in the UK are living with Type 2 diabetes, and a further 5 million are at high risk. Complications (for example, increased cardiovascular disease, kidney failure, blindness, foot ulcers and amputations) caused by poorly controlled Type 2 diabetes, costs the NHS an estimated at £7.0 billion.

There is an increasing choice of medication available for Type 2 diabetes which can help to reduce blood glucose, cholesterol and blood pressure, but a healthy diet, regular physical activity and good weight management underpin successful control.

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Putting Britain First: The Sino-UK ‘Golden Era’ with Theresa May Characteristics

Dr Winnie King, Teaching Fellow, School of Sociology, Politics and International Studies

Dr Winnie King, Teaching Fellow, School of Sociology, Politics and International Studies, University of Bristol

“The golden era of British-Chinese relations will continue,” Prime Minister Theresa May stated September 2nd on her way to the G20 in Hangzhou, China. Will it however, be the 24 carat of the days of Cameron and Osborne? Or have delays linked to Hinkley Point irrevocably tarnished the gleam of relations?

If President Xi Jinping’s statement during the G20 Summit is any indication, he is willing to ‘show patience,’ giving Mrs. May time to frame and launch her vision of British foreign policy and economic relations.

As one who seems to keeps her cards close to her chest, the question is what shape will this come in?

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‘Raining Women’ & Feminising Politics

Sarah Childs, Professor of Politics and Gender

Sarah Childs, Professor of Politics and Gender, School of Sociology, Politics and International Studies, University of Bristol

At home: In Westminster, Theresa May – the UK’s second woman Prime Minister – and in Holyrood, Nicola Sturgeon – Scotland’s first woman First Minister – opposed by the Tories’ Ruth Davidson, and Labour’s Kezia Dugdale.

Abroad: Angela Merkel, of course, and maybe soon President, Hilary Clinton.

The media seemingly don’t quite know what to do with ‘all’ these women in politics. Gender and politics scholars are finding themselves in great demand. There are, predictably, numerous articles in the newspapers about what the women are wearing, and how they do their hair.

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Why we need to teach political philosophy in schools

Dr Jonathan Floyd, Lecturer in Political Theory, SPAIS, University of Bristol

Dr Jonathan Floyd, Lecturer in Political Theory, SPAIS, University of Bristol

What is the spectre haunting Europe today? It’s simple. The thing that truly dogs us, that really drags at our heels, is ignorance. Ignorance of the fundamental ideas at the heart of politics. Ignorance of the key terms of political argument: liberty, equality, power, justice, and so on. Ignorance of the subject matter of political philosophy.

This ignorance is a spectre precisely because it is invisible to us. You might, for example, not know how a microwave works. But you know you do not know that. Now imagine there are purple aliens growing yellow mushrooms on the other side of the moon. In this case you are unaware that you unaware of them.

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Shaping the corporate landscape: it’s high time for corporate reform

Nina Boeger, Senior Lecturer in Law, University of Bristol

Nina Boeger, Senior Lecturer in Law, University of Bristol

Mistrust in corporate governance and multi-national companies has rarely run deeper than today. In extreme cases of misconduct, corporate bosses might be called in to answer questions about their own exploitative conduct vis-a-vis their businesses, as we have seen recently in the public interrogation of Sir Phillip Green, former “owner” of the now defunct BHS.

But generally, it has become ever clearer that while corporations carry responsibility for many of our current global problems, from rising social inequality to looming ecological disaster, they are rarely held fully accountable for their misdemeanours and recklessness.

Our corporate governance system has so far failed to impose effective limits on the rent-seeking of financial investors and the excess of corporate managers at the expense of the wider workforce and the exploitation of our communities and the environment. Instead, profit maximisation for shareholders, and handsome remuneration packages for company directors even when they manage their company against the long-term interests of employees, consumers and the wider communities that businesses are meant to serve, continue to dominate the order of the day.

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Multiculturalism can foster a new kind of post-Brexit Englishness

Tariq Modood is Professor of Sociology, Politics and Public Policy

Tariq Modood, Professor of Sociology, Politics and Public Policy, University of Bristol

The Brexit referendum result was a shock. Especially surprising – given that the whole exercise was as a result of the divisions within the Conservative Party – was the fact that about 30% of those who voted Labour in 2015 voted Leave. It is clear that the Leave vote disproportionately consisted of those without a degree and over the age of 45. Equally over-represented in the Leave vote in England were those who say they are more English than British or only English and not British.

There is some reason to suppose that this new and rising English nationalism is anti-immigration, and even worse – given that England is a highly diverse country – anti-multiculturalist. While it is worrying that the Brexit result seems to have led to an uptick in racial abuse and harassment, there is no reason to suppose that English nationalism and multiculturalism must be opposed to each other.

To many, multiculturalism as a political idea in Britain suffered a body blow in 2001. In the shock of 9/11 terrorism and after race riots in some northern English towns, many forecastthat its days were numbered. If these blows were not fatal, multiculturalism was then surely believed to have been killed off by the 7/7 attacks in London in 2005 and the terrorism and hawkish response to it that followed. But this is far too simplistic.

And today, a multicultural identity among some ethnic minorities could help to create more of a sense of “British identity” among the English.

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