Anat-admati
Anat Admati
Martin-hellwig
Martin Hellwig
Martin-wolf-cr-financial-times
Martin Wolf

The Bankers’ New Clothes: What’s Wrong with Banking and What to do about it

Anat Admati and Martin Hellwig chaired by Martin Wolf

Saturday, 23 March 2024

12:00pm

1 hour

Oxford University Mathematical Institute: Lecture Theatre 1

£8 - £15

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.

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The Oxford Literary Festival sponsors, donors & partners

The Telegraph Festival media partner University of Oxford European Union Supported by the Delegation of the European Union to the UK Cultural Relations Platform Supporter of the festival's Voices of Europe programme Bodleian Libraries Festival cultural partner Oxford Martin School Festival ideas partner Oxford Mathematics Spanish Embassy The Spanish Embassy: supporters of the programme of Spanish literature and culture Cervantes Institute, London The Cervantes Institute, London Blackwell’s Festival on-site and online bookseller Symington Wines of the Douro Valley Compassion in World Farming Pasture to Plate Oxford Business College Where learning meets opportunity: education partners of the festival Old Bank Hotel Five-star hotel partners of The Oxford Collection Old Parsonage Hotel Five-star hotel partners of The Oxford Collection Oxford Brookes University Oxford International Centre for Publishing Critchleys Accountants to the festival Confucius Institute Voltaire Foundation Felicity Bryan Associates Goldmoney Properties Princeton University Press Prestige publishing partner. Celebrating 25 years in Europe in 2024 Oxford University Department for Continuing Education Jewish Book Week Partner of Oxford Literary Festival Jim Mellon Miles Young Tim and Marion Stevenson Martin and Elise Becket Smith Ian and Carol Sellars David Isaac Mary and Cecil Quillen Supporters of the programme of American literature and culture Yale University Press London New College New College founded 1379 Exeter College Exeter College: college home of the festival. Founded 1314 Worcester College Worcester College founded 1714 Trinity College Trinity College founded 1555 Magdalen College Magdalen College founded 1458 Reuben College Reuben College founded in 2019 Pusey House Brasenose College Brasenose College founded in 1512 New Dutch Writing Human Ecology Project MACROVegan Bear Ram Elk Festival Digital Strategy & Web Design Racalia Olive Oil Olive oil from Sicily Paul Bloomfield Ltd University of Oxford Alumni Office Alumni Office The Sheldonian Theatre Oxford Centre for Hebrew and Jewish Studies Oxford Centre for Islamic Studies Oxford University Images Oxford University Images CAV Oxford The Litmus Partnership Schoolreaders Windrush Group The Oxford Times BBC Radio Oxford Local radio partner Conference Oxford Ox in a Box OX magazine