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Howard Davies

Howard Davies

Writing for PS since 2009
88 commentaries

Howard Davies, the first chairman of the United Kingdom’s Financial Services Authority (1997-2003), is Chairman of NatWest Group. He was Director of the London School of Economics (2003-11) and served as Deputy Governor of the Bank of England and Director-General of the Confederation of British Industry.

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  1. Are Global Capital Rules Possible?
    davies89_Liu JieXinhua via Getty Images_michaelbarr Liu Jie/Xinhua via Getty Images

    Are Global Capital Rules Possible?

    Mar 29, 2024 Howard Davies thinks major Western jurisdictions' institutional differences could sink standardization efforts.

  2. Where It Pays to Be a Banker
    davies88_Michael M. SantiagoGetty Images_jpmorgan Michael M. Santiago/Getty Images

    Where It Pays to Be a Banker

    Jan 5, 2024 Howard Davies maps the growing divergence of tax and regulatory policies in America, Europe, and the United Kingdom.

  3. We Need to Talk About Bank Supervision
    davies87_Justin SullivanGetty Images_svb Justin Sullivan/Getty Images

    We Need to Talk About Bank Supervision

    Sep 22, 2023 Howard Davies thinks the renewed debate over commercial bank capital requirements largely misses the point.

  4. Buffer Madness
    davies86_SérgioGarciaYourImage forECB_gopinath Sérgio Garcia/Your Image for ECB

    Buffer Madness

    Jul 14, 2023 Howard Davies questions the merits of increasing banks' capital as a way to ensure financial stability.

  5. America’s Financial Regulatory System Is Still Broken
    davies85_ Justin SullivanGetty Images_sanfranciscofed Justin Sullivan/Getty Images

    America’s Financial Regulatory System Is Still Broken

    Mar 22, 2023 Howard Davies laments that the post-2008 Dodd-Frank reforms left in place a framework riddled with structural shortcomings.

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  1. woods56_Alex WongGetty Images_georgieva Alex Wong/Getty Images

    The IMF Chose the Right Leader the Wrong Way

    Ngaire Woods thinks the Fund’s process for selecting its managing director is woefully out of step with today’s world.
  2. bildt122_Mikhail SvetlovGetty Images_trumpputin Mikhail Svetlov/Getty Images

    Trump Is Putin’s Only Hope Now

    Carl Bildt considers the implications of Ukraine finally receiving the Western military aid it has been waiting for.
  3. frankel159_Getty Images_customer service Getty Images

    How to Rebuild Trust in Public Institutions

    Eleanor Carter & Carolyn J. Heinrich highlight the value of face-to-face interactions at a time when governments are phasing out in-person services.
  4. isenberg1_TIMOTHY A. CLARYPOOLAFP via Getty Images_trumptrial Timothy A. Clary/Pool/AFP via Getty Images

    Is Trump Above the Law?

    Nancy Isenberg

    Contrary to what former US President Donald Trump would have the American public believe, no president enjoys absolute immunity from criminal prosecution. To suggest otherwise is to reject a bedrock principle of American democracy: the president is not a monarch.

    explains why the US Supreme Court must reject the former president's claim to immunity from prosecution.
  5. deryugina1_BEN BIRCHALLPOOLAFP via Getty Images_ukraineflagsoldier Ben Birchall/Pool/AFP via Getty Images

    Ukraine Is Far From Doomed

    Tatyana Deryugina & Anastassia Fedyk

    When comparing Ukraine’s situation in 2024 to Europe’s in 1941, Russia’s defeat seems entirely possible. But it will require the West, and the US in particular, to put aside domestic political squabbles and muster the political will to provide Ukraine with consistent and robust military and financial assistance.

    compare Russia's full-scale invasion to World War II and see reason to hope – as long as aid keeps flowing.
  6. glennerster2_Scott OlsonGetty Images)_vaccines Scott Olson/Getty Images)

    The Pandemic Financing Developing Countries Need

    Rachel Glennerster urges multilateral development banks to establish mechanisms that enable at-risk vaccine purchases.
  7. krueger74_AFP via Getty Images_nigercoup AFP via Getty Images

    The Geopolitics of Africa’s Debt Crisis

    Anne O. Krueger urges developed countries to back efforts by the IMF and the World Bank to promote growth-enhancing reforms.
  8. palacio156_ Georg Moritzpicture alliance via Getty Images_immigation Georg Moritz/picture alliance via Getty Images

    Why the EU’s New Migration Pact Matters

    Ana Palacio applauds the pragmatic coalition-building, especially by Italy’s Giorgia Meloni, that enabled the deal.
  9. kirchschlager1_Fatih AktasAnadolu Agency via Getty Images_AI Fatih AktasAnadolu Agency via Getty Images

    AI Needs UN Oversight

    Peter G. Kirchschläger calls for the creation of a watchdog – similar to the IAEA – that employs a human rights-based approach.

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