Long Finance: How to Make Standards Markets Work for Financial Services (Regulation)?

Long Finance Newsletter

 

July 2013

 

Welcome to the July edition of the Long Finance newsletter. Since our last edition in May, a lot has happened with Long Finance and its programmes including:

  • The interim figures of the Global Financial Centres Index – GFCI 13.5– were released in July 2013
  • A new research project titled “How to Make Standards Markets Work for Financial Services (Regulation)?” kicked off earlier this month with support from BSI and CISI. A first workshop took place on 10 July to discuss how standards markets could further improve financial services regulation. More information is available here

Work is ongoing for new publications, events and special projects to come. If you’re interested in receiving immediate updates on events and research or participating in interesting discussions with fellow independent thinkers, please join the Long Finance online community.

Best wishes,

 

The Long Finance Team

What’s New

 

Financial Centre Futures

The interim figures of the Global Financial Centres Index – GFCI 13.5 – were released in July 2013 and we are happy to announce that GFCI 14 will be released in late September 2013. The GFCI provides profiles, ratings and rankings for 79 financial centres drawing on instrumental factors and responses to an online survey. For more information:

 

London Accord

In collaboration with the City of London Corporation, the London Accord has launched a new project, Financing Tomorrow’s Cities. This project aims to discuss and encourage innovative financing mechanisms for tomorrow’ssustainable cities through online community discussions, a series of events and shared research on finance & cities.

We are delighted to announce that Berwin Leighton Paisner LLP has joined the London Accord as a contributor. Berwin Leighton Paisner LLP’s most recent report Resilient Cities: the Key to the Future, specifically in regard to financing tomorrow’s cities, is now available on the London Accord.

Nearly 400 reports on finance, cities and environmental, social & governance (ESG) issues are freely accessible on the London Accord, kindly shared by 59 contributing organisations. If you would like to contribute any reports on finance and ESG issues to the London Accord, please contact us.

Upcoming Events

The Currency of Management: What Managing Money Teaches Us About Managing People

When

Thursday 26 September 201318:00 to 19:00

Who

Alderman Professor Michael Mainelli

What

Alderman Professor Michael Mainelli will explore the implicit ‘currencies’ behind managing real people. In this lecture, he will suggest that we can learn about managing people, from risk assessment to good governance, by looking at what we know about how to best manage money.

Where

Gresham College, Barnard’s Inn Hall, EC1N 2HH

For more information and to book your place, please visit the Long Finance website.

Stochastic Market Efficiency

When

Wednesday 2 October 201308:30 to 10:00

Who

Alex Adamou (London Mathematical Laboratory)

What

Long Finance welcomes Mr Alex Adamou from the London Mathematical Laboratory to elaborate on exactly how – and why – it is impossible to ‘beat the market’ over the long term by borrowing to invest. This seminar will look at stock market data from the past 60 years to provide strong confirmation of the stochastic market efficiency hypothesis.

Where

Z/Yen Group, 90 Basinghall Street, London EC2V 5AY

For more information and to book your place, please visit the Long Finance website.

The UK’s National Debt: Lessons From History for a Forgetful Government Today

When

Wednesday 9 October 201308:30 to 10:00

Who

Dr Lee Rotherham

What

Long Finance is delighted to host Dr Lee Rotherham as he introduces his latest book “A Fate Worse Than Debt: A Beginner’s Guide to Britain’s National Debt from Boadicea to Cameron“. At the event, Dr Rotherham will explore certain avenues of his recent research that looks at how the English and UK Government over the years has viewed deficits and borrowing.

Where

Z/Yen Group, 90 Basinghall Street, London EC2V 5AY

For more information and to book your place, please visit the Long Finance website

 

Latest London Accord reports

·        Bank of America Merrill Lynch
No Time To Waste – Global Waste Primer

·        Bank of America Merrill Lynch
Global Energy Efficiency Primer – Less Is More

·        Berwin Leighton Paisner LLP
Resilient Cities: the Key to the Future

·        CBI
Bonds and Climate Change: The State of the Market in 2013

·        Deutsche Bank
The Socially Responsible Quant

·        Inrate
Sustainability Matters: Reducing Food Waste – A Hidden Opportunity For Investors?

·        Lloyds
Tornadoes: A Rising Risk?

Surveys

·        Financial Centre Futures –Global Financial Centres Index

Long Finance Blog – The Pamphleteers

“Economists must leave to Adam Smith alone the glory of the Quarto, must pluck the day, fling pamphlets into the wind, write always sub specie temporis, and achieve immortality by accident, if at all.”  (John Meynard Keynes) Write for today and not for tomorrow.

·        The Next Golden Age by Chris Yapp

·        Why We Will/Won’t Always Think Short Term by Tim MacDonald

·        More on the Pamphleteers

Long Finance Online Community

Want to get more involved? Why not join the Long Finance online community to contribute your ideas and to connect with like-minded members in the network.

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Recent events

If you were unable to attend, catch up on the latest Long Finance events online: