Anat Admati and Martin Hellwig chaired by Martin Wolf

Stanford business school professor Anat Admati and former chair of the German Monopolies Commission Martin Hellwig discuss the new and expanded version of their seminal work on the 2008 financial crisis and explain how so little has changed in the aftermath.

Admati and Hellwig say new bank failures have been a rude awakening for those who thought the banking industry had been reformed after the global financial crisis. They argue that banks are still dangerous and how they even present a danger to the rule of law and democracy. they debunk the arguments of bankers, regulators, politicians, academics and others who oppose reform, and they explain how the banking system can be made much healthier and much safer.

‘In a year of important books about the recent economic crisis, the most important one told us simply how to stop the next one.’ Wall Street Journal

Admati is a professor at the Stanford Graduate School of Business. She has written for the New York Times and Financial Times and is recognised as a global thinker. Hellwig is director emeritus at the Max Planck Institute for Research on Collective Goods in Bonn and former chair of the German Monopolies Commission and the Advisory Scientific Committee of the European Systemic Risk Board.

Discussions are chaired by the Financial Times chief economics commentator Martin Wolf, author of The Crisis of Democratic Capitalism.