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OverviewThis book is about what Mark Carney has called ‘the social licence for financial markets’ and how it can point us towards a more sustainable future. Author David Rouch argues that what it reveals contrasts sharply with the usual portrayals of markets as places of unrestrained financial self-interest. Drawing attention to a more complex reality and the presence of justice-focused aspirations in finance can positively impact individual, institutional, and systemic behaviour: change, not imposed by regulators, but emerging from the very substance of market relationships. The finance sector should have a key role in addressing humanity’s increasingly pressing sustainability challenges. Yet the relationship between finance and society has not recovered from the 2008 crisis and the scandals and austerity that followed. The Covid-19 pandemic and its economic fallout is sharpening some of the issues and creating new ones. Recognising that financial markets operate subject to a social licence has the potential to galvanise market participants in tackling these challenges, strengthening social solidarity on which markets also depend, and to provide coordinates for navigating a way through the post-pandemic social, political and economic landscape. Full Product DetailsAuthor: David RouchPublisher: Springer Nature Switzerland AG Imprint: Springer Nature Switzerland AG Edition: 1st ed. 2020 Weight: 0.593kg ISBN: 9783030402198ISBN 10: 3030402193 Pages: 362 Publication Date: 14 July 2020 Audience: Professional and scholarly , Professional & Vocational Format: Paperback Publisher's Status: Active Availability: Manufactured on demand We will order this item for you from a manufactured on demand supplier. Table of Contents1. The Great Re-evaluation: Reaching for an End.- Part I In the Beginning, an End.- 2. People, Firms, Markets, Behaviour.- 3. The Ends of Desire in Financial Markets.- Part II The Social Licence and Justice.- 4. The Social Licence for Financial Markets.- 5. Realising Justice: the Role of Written Standards.- Part III In the End, a Beginning.- 6. Behaviour—Change in Practice.- 7. Policy Implications.- 8. Conclusion—Not an End, but a Beginning.ReviewsThis book is an important contribution to that debate that deserves to be widely read. (Bruce Davis, Financial World, November 2020-January 2021) “This book is an important contribution to that debate that deserves to be widely read.” (Bruce Davis, Financial World, November 2020-January 2021) Author InformationDavid Rouch, an international financial services regulatory lawyer, became a partner in Freshfields Bruckhaus Deringer in 2004. He has advised the full range of financial market participants, dealing with some of the market’s most prominent regulatory bodies. He is particularly known for his work on law and finance culture. He has run two joint projects between Freshfields and the London School of Economics exploring this area and has also participated in the work of the Law and Ethics in Finance Project. He is currently leading an international team advising a group including the United Nations Environment Programme on sustainability impact in the investment process. Tab Content 6Author Website:Countries AvailableAll regions |