http://theconversation.edu.au/satyajit-das-europe-will-have-far-reaching-consequences-for-everybody-5752
"In my view, financial systems should do three things: match savers and borrowers, provide safe payment mechanisms and provide rudimentary risk management instruments. And that’s all it should do.
And we should have a debate about how we get the financial system back to doing that. But the problem here is finance and debt has become a driver of growth, so there’s an unwillingness on the part of the regulators and the politicians to tackle them."
"In my view, financial systems should do three things: match savers and borrowers, provide safe payment mechanisms and provide rudimentary risk management instruments. And that’s all it should do.
And we should have a debate about how we get the financial system back to doing that. But the problem here is finance and debt has become a driver of growth, so there’s an unwillingness on the part of the regulators and the politicians to tackle them."
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