The Social Licence for Financial Markets: Reaching for the End and Why It Counts

Author:   David Rouch
Publisher:   Springer Nature Switzerland AG
Edition:   1st ed. 2020
ISBN:  

9783030402198


Pages:   362
Publication Date:   14 July 2020
Format:   Paperback
Availability:   Manufactured on demand   Availability explained
We will order this item for you from a manufactured on demand supplier.

Our Price $64.66 Quantity:  
Add to Cart

Share |

The Social Licence for Financial Markets: Reaching for the End and Why It Counts


Add your own review!

Overview

This 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 Details

Author:   David Rouch
Publisher:   Springer Nature Switzerland AG
Imprint:   Springer Nature Switzerland AG
Edition:   1st ed. 2020
Weight:   0.593kg
ISBN:  

9783030402198


ISBN 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   Availability explained
We will order this item for you from a manufactured on demand supplier.

Table of Contents

1. 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.

Reviews

This 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 Information

David 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 6

Author Website:  

Customer Reviews

Recent Reviews

No review item found!

Add your own review!

Countries Available

All regions
Latest Reading Guide

lgn

al

Shopping Cart
Your cart is empty
Shopping cart
Mailing List