Prime lessons
Gordon Brown on learning from the first crisis of globalisation
The Future of Finance
Resources
This series, published in the FT and online in October and November, examines the lessons learnt from the financial crisis and analyses how the financial services industry is adapting to tougher market conditions, new opportunities and changes to the regulatory architecture.
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New dynamics
The days of a financial world dominated by the US are numbered. Emerging markets like India and China will increasingly define the new global order, writes Martin Wolf
Building success
Attitudes are changing towards fast-growing economies, which have benefited from prudent policymaking, says David Oakley
Back in business
Sovereign wealth funds are spending again amid a renewed appetite for deals, writes Lina Saigol
Broken promises
Protectionism is rising, in spite of pledges to the contrary, writes Alan Beattie
Changing places
Martin Wolf assesses the rise of China’s big banks
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COMMENT
Go east
Michael Geoghegan praises growth potential of Asia
Next move
Geoff Cutmore on what China needs to do next
Power struggle
Howard Davies on the battle between regulators and markets
Insolvable problem
The financial crisis belongs to a class of global problems that is not fully soluble, writes John Gray
Lessons learnt
Nouriel Roubini on why radical reforms are urgently needed to fix the broken global financial system
Sage advice
The banking industry needs to adopt a ‘back-to-basics’ approach, says Emilio Botín
JOHN AUTHERS
New order
The future of finance depends on the future of the emerging markets
Ever-present risks
Why bubbles – and crashes – are ever-present risks in financial markets
Return to simplicity
After a decade of wizardry, it is time to embrace a return to simplicity
Muddying the regulatory debate
Why the competing ideologies behind the regulatory debate will be hard to reconcile
PART THREE - FINANCIAL MARKETS
Sustainable markets
While the recent rally in equities and bonds is encouraging, the long-term future of financial markets is still to be determined, write Aline van Duyn and Gillian Tett
An orderly decline
The US dollar may in the future lose its status as the world’s reserve currency, but that day is some way off, says Peter Garnham
Clearing up the system
The extent to which clearing is needed to safeguard market transactions is under debate, writes Jeremy Grant
Home finance
Efforts are under way to rebuild the market for mortgage finance, writes Saskia Scholtes
Stocking up for the long term
The outlook for equity markets is far from clear, says Michael Mackenzie
Repackaging risk
Government initiatives are helping restart the much-criticised securitisation market, says Aline van Duyn
Numbers game
Views are mixed on proposals to protect derivatives from risk, writes Aline van Duyn
PART TWO - REGULATION AND GOVERNANCE
Long road to regulation
While countries have pledged to work together, hammering out the details will be far from easy, writes Brooke Masters
Spurred into action
The financial crisis has forced the embattled UK financial services regulator to rethink its approach, says Brooke Masters
A question of ownership
Proposed reforms to the rules on corporate and investor governance will give more power to shareholders, says Kate Burgess
Building up reserves
While a programme to strengthen banks’ capital requirements has been proposed, implementation will be tough, says Jane Croft
The politics of pay
New policies are emerging, but anger over executive remuneration is unlikely to disappear, says Greg Farrell
Reflecting on a crisis
Operations are strengthening and attitudes changing at a chastened US financial watchdog, writes Joanna Chung
Converging codes
Implementing the industry’s long-cherished desire for a set of global accounting rules is dogged by politics, writes Jennifer Hughes
Emerging viewpoint
Asia’s growing economic powers are ready to contribute to the debate, says Sundeep Tucker
PART ONE - THE FINANCIAL SERVICES INDUSTRY
Banking on the future
The industry would like to put the crisis behind it, but financial services should prepare for change, writes Patrick Jenkins
Pointing to the new deal
The way transactions are financed is changing, but M&A is back on the agenda, writes Lina Saigol
Survival tactics
The reshaped private equity industry should emerge stronger, says Martin Arnold
Opportunities in risk
Proposed financial regulation could invigorate some potentially lucrative markets for insurers, writes Paul J Davies
Walking away from trouble
Although curbs on some of its more risky activities are likely, Wall Street should escape a radical overhaul, writes Greg Farrell
Facing up to change
As the industry becomes more institutional, hedge fund managers are revamping their image, says Sam Jones
Shifting assets
Asset management is being transformed amid a shift to independent managers, says Kate Burgess
