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Most people...find a disorientating mismatch between the long-term nature of their liabilities and the increasingly short-term nature of their assets.

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A bit about Howard Davies ...

Sir Howard Davies KBE is Director of the London School of Economics and Political Science. Prior to his current appointment he was Chairman of the Financial Services Authority, the UK's single financial regulator in 1998. He accepted Knighthood in 2000.

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