Abstract
Short version of letter published in the Financial Times - full version downloadable. Having disregarded systemically risky debt, leverage, selling on and evasion of regulation, politicians are as culpable as the bankers they now ritually tar and feather - indeed more so, given their responsibilities. It would have been more fitting for politicians to have spoken before. However, this failure need not imply that there is now no place for politics in relation to technical issues such as accountancy standards. The argument that these matters are so complicated that non-specialists would not understand should be uncovered as a plea for keeping things that way. The treatment of accountancy standards, market modelling and regulatory debate as a kind of Latin, with the exclusionary implications, is both dangerous and unacceptable.
Sign-in/Register to access full text options 
Talk to us
Join us for a 30 min session where you can share your feedback and ask us any queries you have
Schedule a callDisclaimer: All third-party content on this website/platform is and will remain the property of their respective owners and is provided on "as is" basis without any warranties, express or implied. Use of third-party content does not indicate any affiliation, sponsorship with or endorsement by them. Any references to third-party content is to identify the corresponding services and shall be considered fair use under The CopyrightLaw.
