Moderator: Sedge Dienst, Trustee, World Affairs Council of Northern California
In the aftermath of the 2007 financial crisis, many argued for stronger banking regulations and more fiscal oversight; yet as the recession carried on some worried that new regulations would hamper an economic recovery and dissuade banks from lending. Are fiscal oversight and a strong banking system mutually exclusive?
Anat Admati suggests that a safer and healthier economic system will not require a sacrifice of our current institutions and can come at no cost to society. She will explore how weak regulations and ineffective enforcement led to a buildup of risks that unleashed the financial crisis, as well as what lessons we have, and have not, learned.