News & Highlights _________________________________________________
Bridget Rosewell Reappointed as Consultant Chief Economic Advisor to the GLA
Bridget Rosewell has been appointed to a second term as Consultant Chief Economic Advisor to the Greater London Authority. Bridget said, 'I am looking forward to working again with both my former colleagues and my new ones. London is one of the world's greatest cities and will remain so in spite of these challenging times. I will be making contributions to analysing our competitive position, infrastructure and funding needs, as well as the evidence base for the development of the Mayor's strategies.' For further information, visit the GLA Economics website...
Evolving Regulatory Position in Basel II
Following extensive work in the Basel II area, Volterra recently participated in a detailed meeting with the FSA discussing developments. As we move through the recession the regulatory position on capital is evolving.
The focus of the FSA is shifting, understandably, towards approaches that give stable capital through the economic cycle. Whether institutions are currently on the standardised basis or have achieved IRB status, there are opportunities to take big steps forward. Find out more...
Scoping the Challenges for 2020 Public Services
Bridget Rosewell spoke at the launch of the first two reports published by the 2020 Public Services Trust on 10th June. These are an historical review of how public services arrived at their current state and an analysis of future trends and demands. They are part of a project on Scoping the Challenges on which Bridget is a lead Commissioner. The third part of the study is on the challenges to public finances.
Bridget reported on how these studies were providing useful parameters to the work of the Trust in looking at how we should think about public services in the future and how it was notable how a history of and demand for personalised service had nonetheless resulted in a centralised and unresponsive system. Discussion centred on the need to understand what services actually achieved and the unintended consequences that had resulted from past investments. Download the reports...
Have Economists Gone Mad?
Paul Ormerod reflects on the power of bad ideas in economic theory, and how they helped bring about the financial crisis. Paul gave a public lecture in Glasgow on 22 June for the Institute of Advanced Studies, University of Strathclyde. Download the text of the lecture...