Andrew Palmer‘s February 25th 2012 special report on financial innovation for The Economist provides a deeply relevant and accurately researched investigation on the kinds of problems that have been at the center of the discussions and initiatives of the Observatory for Responsible Innovation in that area (Andrew Palmer contributed to the Observatory’s November 30th Conference). The full report is available for download here and an audio presentation can be listened to here.
The report focuses on the interpretation of irresponsibility in financial innovation, on the innovation drive in today’s financial services industry, on the protection of retail investors, on exchange-traded funds, on the problems of high-frequency trading, on financial infrastructure and clearing processes, on small-business lending and on default risk and collateral management.
(And thanks to Andrew for the kind mention to the Observatory in the acknowledgments!)
