Posted in: Sustainable Banking
Paul Wachtel (NYU) on Global Banking
On February 1, 2013, the European Center for Corporate Engagement (ECCE) in cooperation with the Institute of Global Business & Society (GLOBUS) and NWO hosted a symposium on “Global Banking, Financial Stability, and Post-Crisis Policy Challenges”.
A rapid globalization process of banking is the major characteristic of the economic environment in the last decade. However, the financial crisis of 2007/08 as well as the subsequent Eurozone crisis have clearly revealed the threats to financial stability associated with banking globalization. This one-day symposium brought together leading experts and practitioners from academia, industry and regulatory bodies to discuss banking globalization and to exchange views on urgent policy and regulatory issues to balance the cost and benefits of global banking.
In a short interview, one of the symposium’s speakers, Paul Wachtel from New York University, expresses his view on these issues.Click here to watch this interview.