ianfraser.org 10 Dec 13: ‘The financial system has gone completely off the rails’

Where did the finance and banking sector go wrong … and what can we do to fix it?

Transforming Finance, a 23-minute documentary film produced by the Finance Innovation Lab, features interviews with a number of the most prominent advocates of change in the world of finance. ...


The film makes some very good points but, in my view, falls short. The following three things must also happen if finance is going to be reformed:

(1) More effective regulation

(2) The prosecution of financial criminals

(3) A radical overhaul of auditing

A host of other things also need to change, including politicians ceasing seeing their role as being to protect corrupt banks and bankers, and global structural reforms.

read Ian Fraser's blog here

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