The Future of Finance: The LSE Report

Contributor(s): Professor Charles Goodhart, Dr Paul Woolley, Mark Schieritz, Dr Holger Schmieding, Hiltrud Thelen-Pischke, Dr Friedrich Thelen | The Future of Finance report presents a novel approach to the reform of the world's financial system, starting with the basic question, what is a financial system for? It shows that the existing system has become far more complicated than it needs to be to discharge its functions – and dangerously unstable into the bargain. It proposes some drastic remedies. The Future of Finance: The LSE Report is the work of a group of leading academics, financiers, journalists and officials from the UK's Financial Services Authority, the Bank of England and the Treasury. They met twelve times, for what many of those present described as the best and most searching discussions they had ever participated in.