
Why the Draghi Report on EU markets matters
Can Europe overcome its capital market flaws and catch up to the US? The Draghi Report sounds a critical alarm for the EU’s future.
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Howard Davies, the first chairman of the United Kingdom’s Financial Services Authority (1997-2003), is Chairman of NatWest Group. He was Director of the London School of Economics (2003-11) and served as Deputy Governor of the Bank of England and Director-General of the Confederation of British Industry.

Can Europe overcome its capital market flaws and catch up to the US? The Draghi Report sounds a critical alarm for the EU’s future.

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The global system of financial regulation is extraordinarily complex. Partly for that reason, it is little understood. In order to explain it to my students