The main stream press was eager to quote Andy Haldane, the Executive Director of Financial Stability for The Bank Of England, when he publicly announced that Occupy was right. However Andy Haldane’s proposed reform strands, which he memorably calls the 5C’s, do not go very far in addressing what Occupy stands for.
The Bank of England only allowed audio recording (no video) at the talk and this piece includes Andy Haldane’s speech at the talk. It focuses on his 5C’s reforms and what Ben Dyson from Positive Money and Richard Paton from Occupy had to say in response to them.
Video from Polly Tikkle Productions
“There are deeper problems than just the culture in banking, it’s more fundamental and it’s more about the structure and the actual design of the whole system.”