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Upcoming events

Meyer

'So Then Its Farewell': Sir Christopher Meyer in Conversation with Raymond Snoddy
6.30 - 8 London College of Communications, Elephant and Castle 12 Jan, 2009
POLIS, in parternship with The Media Society a... read more

Dr Damian Tambini

Financial Journalism and the Economic Crisis
2 - 4 pm E 171, First Floor, East Building 20 Jan, 2009
On Monday 20th of January from 2 - 4 , Dr Damia... read more

Robin Mansell

The Internet and Its Myriad Ways: An Asian Perspective
6.30 - 8 Hong Kong Theatre, Clement House 10 Feb, 2009
Chaired by Professor Robin Mansell , POLIS Adv... read more

HD

Why did nobody tell us? Reporting the Global Crash of ‘08
6.30 - 8 Old Theatre, Old Building, London School of Economics 23 Feb, 2009
On Monday 23rd February from 6.30 - 8 , POL... read more

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POLIS Financial Journalism Research Project– An introduction

Led by Dr Damian Tambini, d.tambini@lse.ac.uk
Media and Communications Department
London School of Economics and Political Science


ImageFinancial journalism is undergoing fundamental shifts at present due to market, regulatory and technological changes. Technological development leads to the emergence and increasing importance of blogs, news feeds and other alternative sources for financial information, comment and reporting, and a corresponding decoupling of previously bundled data, information, news, analysis and comment.

Intensifying globalisation means news distributed on a global scale is increasingly likely to be relevant beyond national borders. Regulatory changes (the enforcement of the Sarbanes Oxley Act and the Federal Securities Laws in the US and the Market Abuse Directive in the EU), imply new responsibilities for financial journalism as a profession, and a new role for self and co regulation. Against this background, we believe research is needed to permit a substantial review of the structures and codes underlying ethical and responsible financial reporting.

POLIS/LSE’s Financial Journalism research project has been set up to look at the ethical and professional issues raised in the new environment. The project will conduct a detailed study of the changing practices of financial journalism, and the changing habits of financial information users (different types of investors). Based on fieldwork research, we plan to compare London, New York and Hong Kong as major financial markets. The project, which has the support of LSE director and POLIS board member Howard Davies, aims to research the following issues:

  • What are the patterns of current information use by investors? How are they changing with regard to blogs, global media and new information sources?
  • What are the emerging business models for financial news and what are their implications?
  • What laws and codes apply to financial and business journalism?
  • How do journalists in the various media sectors – including online - understand their own legal and ethical responsibilities, and how does this vary by country?
  • How do these laws and codes impact on journalistic practice, and how does this vary by sector?

The project has attracted the interest of key editors and journalists of major companies, such as FT, the BBC and Reuters. A private seminar was held in December 2007 at the London Stock Excchange, where senior representatives of media groups and other stakeholders discussed the challenges facing financial journalism today. At present, we focus on the UK media and London market.

To read the report, please click here