Steve Commins and Alan Whaites argue that safeguarding the situation of the poor should be seen as an integral part of the successful management of economic growth. The report notes the injustice of global market failure and bail outs for creditors being paid for at the expense of the living standards of poor people. The financial sector must help mobilise savings and their allocation to the investors capable of generating highest returns. Institutional features of the financial system are crucial to efficient financial markets and distributional impact. Accelerated growth is not enough.
Regulatory regimes are crucial.
Perspectives on global financial crisis .