He believes compensation packages that rely on year-to-year results will have to go, in favour of more long-term arrangements that do not encourage short-term risk.

The report comes the day after finance ministers from the world's most powerful economies said they wanted bonuses to reflect long-term performance rather than one year's short-term risk taking.

You might think investors with long-term goals should put all their money into assets they expect to deliver the highest returns, no matter what the short-term risk.

The short-term risk was that any delay, such as problems with infrastructure or third party suppliers, and it was the developer who lost out.

But myopically placing too much emphasis on the short-term risks creating more problems than it solves.