Daily Archives: December 8, 2011

Claire Jones

Andy Haldane, the Bank of England’s executive director for financial stability, writes in the New Scientist today on what finance can learn from meteorology.

Mr Haldane has been one of the leading advocates of the view that economics should borrow from science in order to better understand the nature of systemic risk.

In the New Scientist article, he writes that creating a map of the entire financial network would allow regulators to issue the equivalent of a weather warning.  Read more

Claire Jones

Investors’ eyes have been fixed on proceedings in Frankfurt today, where  Mario Draghi hosted a press conference after the conclusion of the ECB governing council meeting.

From markets’ perspective, it was pretty much a presser of two halves. Read more