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.

CBI’s first Green Bond Treasurer Survey supported by ICMA Centre academics

21 April 2020
Dr Ivan Sangiorgi and Dr Lisa Schopohl from the ICMA Centre at Henley Business School have supported the Climate Bonds Initiative (CBI) by providing data support for its first Green Bond Treasurer Survey.
Business News

A real estate bubble in medieval England?

23 February 2015
Financial history experts from Henley Business School’s ICMA Centre are to investigate the possible existence of a real estate bubble in medieval England. The University of Reading has recently won a research project grant worth almost £200,000 from the Leverhulme Trust.[1] The research team, comprising Professors Adrian Bell and Chris Brooks, will examine in detail the workings of the English real estate market in the thirteenth to fifteenth centuries.
Research news