Pentti Hakkarainen: Finance cycles and macroprudential tools – the case of Finland within the euro area Speech by Mr Pentti Hakkarainen, Deputy Governor of the Bank of Finland, at the Seventh High-Level Policy Dialogue of the Eurosystem and Latin American Central Banks, Madrid, 11 November 2015. *  *  *  Accompanying slides can be found on the Bank of Finland’s website.
This event takes up a chapter in Buffett’s biography, The Snowball, and it is a good illustration of why we need the TMPG. I reread that chapter every couple of years, and it still gives me nightmares.1 After the dust settled, we had to grapple with the wider implications of the scandal for the market itself and particularly the role of regulatory oversight.