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Inadvertently Engineering the Global Financial Crisis: Governance Lessons

Academic & Research
The CEU Campus
Friday, October 21, 2016, 2:30 pm

CEU Business School and the Department of Economics
at Central European University

Cordially invite you to
A distinguished lecture by Antonio Foglia, Banca del Ceresio Group
“Inadvertently Engineering the Global Financial Crisis: Governance Lessons”

/ Friday / October 21, 2016
/ Lecture: 2:30 p.m. / Reception will follow    
/  Nador utca 15. / Quantum Board Room

Register at      

About the Lecture

The amazing fragility that the banking system had been regulated into, and the inability to recognize this in time, explain the global financial crisis. This, in turn, revealed massive but unavoidable cognitive failures of regulators and bankers. Since these implications are not yet fully recognized, remedies after the global financial crisis are still increasing fragility and possibly already setting the stage for the next crisis. Mistakes were made both in regulation and deregulation. Alternative governance models that recognize the cognitive challenges posed by complexity and fallibility may give us a more resilient financial system.
Antonio Foglia is a Board member and shareholder of the Banca del Ceresio Group, a member of the Global Partners’ Council of the Institute of New Economic Thinking (INET), and a Trustee of Central European University.