There is still no consensus on who or what caused the financial crisis which engulfed the world, beginning in the summer of 2007. In "The Financial Crisis" Howard Davies charts a course through the main arguments. The reader can thereby assess the weight to be attached to each, and the likely effectiveness of the remedies under development.
Howard Davies is a Chair of the British Government's Airport Policy Review and of Phoenix insurance group. He also is a Professor of Practice at the French School of Political Science in Paris (Sciences Po). He was the Director of the London School of Economics and Political Science from 2003 until May 2011. Prior to this appointment he was chairman of the UK Financial Services Authority from 1997 to 2003.
From 1995 to 1997 he was Deputy Governor of the Bank of England, after three years as the Director General of the Confederation of British Industry. Earlier in his career he worked in the Foreign and Commonwealth Office, the Treasury, Mckinsey and Co, where he spent five years, and as Controller of the Audit Commission.
He has been an independent Director of Morgan Stanley Inc since 2004, and chairs the Risk Committee. He also chairs the Risk Committee at Prudential PLC, whose board he joined in 2010. He is a member of the Regulatory and Compliance Advisory Board of Millennium LLC, a New York-based hedge fund. He has also been a member of the International Advisory Council of the China Banking Regulatory Commission since 2003 and, from 2012, is Chairman of the International Advisory Council of the China Securities Regulatory Commission.
In 2006 he edited and introduced The Chancellor's Tales (Polity Press) on British economic policy from 1975 to 2000. In 2008 he jointly authored Global Financial Regulation: The Essential Guide (Polity Press) with David Green. Banking on the Future: The Fall and Rise of Central Banking, on central banks, also by Davies and Green, was published in April 2010 by Princeton University Press. His latest book, 'The Financial Crisis: Who is to blame?' was published by Polity Press in July 2010.