The bankers' new clothes: what's wrong with banking and what to do about it

Hosted by the Financial Markets Group

In-person and online public event (Old Theatre, Old Theatre)


Professor Anat R Admati

Professor Anat R Admati


Professor Charles Goodhart

Professor Charles Goodhart

Join us for this lecture at which Anat Admati will talk about her latest book, The Bankers' New Clothes: What's Wrong with Banking and What to Do about It.

Anat argues that the new bank failures have been a rude awakening for everyone who believed that the banking industry was reformed after the Global Financial Crisis, and that banks are actually still dangerous. She debunks the false and misleading claims of bankers, regulators, politicians, academics, and others who oppose effective reform, and explains how the banking system can be made safer and healthier, exposing the shortcomings of current policies and revealing how the dominance of banking even presents dangers to the rule of law and democracy itself.

Meet our speaker and chair

Anat R Admati (@anatadmati) is the George G.C. Parker Professor of Finance and Economics at Stanford Graduate School of Business and a senior fellow at Stanford Institute for Economic Policy Research. Her disciplinary interests lie in the interaction of business, law and policy, and specifically governance and accountability mechanisms in the private sector and in government. Admati is also Faculty Director of the Corporations and Society Initiative at the GSB, whose mission is to raise awareness and increase understanding of the complex interactions among people, corporations and governments.

Charles Goodhart was the Norman Sosnow Professor of Banking and Finance at the London School of Economics and Political Science until 2002; he is now an Emeritus Professor in the Financial Markets Group there. Before joining LSE in 1985, he worked at the Bank of England for seventeen years as a Monetary Adviser, becoming a Chief Adviser in 1980. During 1986, Goodhart helped to found, with Mervyn King, the Financial Markets Group at LSE, which began its operation at the start of 1987. In 1997, he was appointed one of the outside independent members of the Bank of England’s new Monetary Policy Committee until May 2000.

More about this event

This event will be available to watch on LSE Live. LSE Live is the new home for our live streams, allowing you to tune in and join the global debate at LSE, wherever you are in the world. If you can't attend live, a video will be made available shortly afterwards on LSE's YouTube channel.

The Financial Markets Group (@FMG_LSE) is a leading centre for research into financial markets. Research at the FMG examines how stable and efficient the financial system is, how it supports the real economy, and what policy measures can generate improvements in these dimensions.

Hashtag for this event: #LSEAdmati

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