Skip to main content

Financial regulation and how business schools are rebalancing learning to help create a safer financial future

Professor John Board, Dean of Henley Business School and Director of the ICMA Centre, was recently interviewed by the Financial Times on the subject of financial regulation and what business schools can do to help create a safer financial industry.

John discussed with Emma Boyde, Business Education Reporter at the FT, that regulation and an increase in prosecutions has helped make the financial industry a little safer and had a salutary effect on the behaviour of finance professionals. He indicated that mistakes have been caused by bad practice and the introduction of new products without fully understanding them, and that while increased technical regulation has its place, regulation of behaviour is essential.

When asked about what business schools could do to make the financial world a safer place, Professor Board commented:

“A lot of business schools are re-thinking their positions on the balance between technical details of financial products and more traditional leadership, strategy and ethical behaviours which business schools would’ve been teaching 20 or 30 years ago.”

He said that Henley Business School is “being very clear about the balance between personal development and personal behaviour and the way businesses should be run, the way strategy has to be embedded deeply in a firm…it’s got to be clear, it’s got to be consistent and it’s got to be forced through to every part of the firm.”

To view the full interview with Professor John Board on the Financial Times’ website, click here.

Published 6 January 2014

You might also like

The impact of the Financial Transaction Tax on the European repo market

10 April 2013
Richard Comotto, Senior Visiting Fellow at the ICMA Centre, Henley Business School, has recently produced a report for the International Capital Market Association’s European Repo Council (ERC) on the impact of the proposed European Financial Transaction Tax. The report, entitled: "Collateral damage: the impact of the Financial Transaction Tax on the European repo market and its consequences for the financial markets and the real economy", is available online from the ICMA website.

PhD Student Satchit Sagade published in Bank of England Working Paper

17 December 2012
ICMA Centre PhD student Satchit Sagade recently published a working paper for the Bank of England together with Research Economist for the Bank of England, Evangelos Benos. The paper entitled “High-frequency trading behaviour and its impact on market quality: evidence from the UK equity market”, studies the behaviour of high-frequency traders in the UK equity market and analyses its impact on market quality.
Research news

ICMA Centre MSc high flyer receives commemorative award

30 April 2009
ICMA Centre MSc student Richard Hamilton, from Belfast has been awarded a prestigious investment banking prize by the Securities & Investment Institute. The Stephen Cooke Scholarship Programme commemorates the late Stephen Cooke, former senior partner of stockbroking firm, Gerrard Vivian Gray. These scholarships are only available to SII accredited Centres of Excellence, which are an elite group of universities including ourselves, selected by the SII as offering leadership in academic education, focused on financial markets.