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

Christmas Cheer with Alumni

10 December 2007

The ICMA Centre Leads the Way as Interest in Islamic Finance Grows

9 November 2009
A recent article published in the Wall Street Journal highlights the growing interest in Islamic Finance. The sector is now seen as a thriving industry, with many keen to study the specialised area. Business schools are now tailoring their courses to reflect these needs and structuring degrees to train students in investments that comply with Quranic Law.

Champagne and Celebration

5 July 2007
The ICMA Centre celebrated the success of its students in style again this year. 175 students graduated at the ceremony held in the Great Hall at the University's London Road Campus. One outstanding student not only graduated with a distinction, but was awarded a special prize at the champagne reception held at the Centre following the graduation ceremony.