We need to move banking and financial regulation into the centre of party political debate

Nicholas Dorn argues that the failures that led to the financial crisis were symptoms of a deeply entrenched historical democratic deficit. The whirlwind of regulatory activism post-crisis at international, European and national levels has yet to touch the core problem, which is that there never has been public regulation of financial markets in the UK. If the historically-constructed separation of regulation from democratic deliberation and design can be breached, then one result would be less global convergence in regulation, less herding in markets and less international contagion and systemic crisis. [First paragraph of blog, promoting