A Call for Judgement
14th Oct 2010; 13:00
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RSA Thursday
Renowned economist Amar Bhidé visits the RSA to explain how bad theories and mis-regulation have caused a dangerous divergence between the real economy and finance.
Bhidé takes apart the so-called advances in modern finance, showing how backward-looking, top-down models were used to mass-produce toxic products. Thanks to excessively tight securities laws and loose banking laws, anonymous transactions have displaced relationship-based finance.
Join Amar Bhidé at the RSA as he offers tough simple rules for restoring relationships and case-by-case judgement: limit banks - and all deposit taking institutions - to basic lending and nothing else.
Chair: John Kay, economist and FT columnist
Powerpoint presentation from RSA Event with Amar Bhide. A Call for Judgment
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