Regulatory reform since the financial crisis - where do we stand?
Presented by Professor Martin Hellwig
Lectures, talks and seminars
5 Dec 2018 5:30 pm to 5 Dec 2018 7:00 pm
Lecture Theatre 1, Rutherford House, 23 Lambton Quay
Professor Martin Hellwig, Reserve Bank Fellow in Monetary and Financial Economics presents a public lecture discussing the health of financial system regulation
If the Lehman Brothers bankruptcy happened today, would the financial system still be at risk? Unfortunately, the answer to this question is yes.
The lecture will give an overview of the mechanisms that were at play in the crisis of 2007 – 2009 and then discuss the regulatory reforms that have taken place, as well as those that were missed. Areas covered involve bank resolution, structural reform, liquidity regulation and the role of money markets, shadow banking, in particular money market funds, equity requirements, and regulation of bankers’ conduct.
In all areas, reforms are shown to have been timid, and some of the fault lines underlying the 2008 financial tsunami are shown to be still at risk.
Reception: 5.30 pm
Lecture: 6 pm – 7 pm
Please RSVP to firstname.lastname@example.org
For more information contact: Ange Scott
Professor Hellwig is the co-author of The Bankers’ New Clothes: What’s wrong with banking and what to do about it, lauded as “the most important book to have come out of the financial crisis”. He is a German economist and director emeritus of the Max Planck Institute for Research on Collective Goods.