Five years after Lehman: can finance reinvent itself?
Monday, 16 September 2013 from 17:30 to 20:30
Registrations will start at 5:30pm for a 6pm prompt start at ICAEW
followed by a drinks reception from 7:30pm to 8:30pm
On 15 September 2008 the House of Lehman collapsed, nearly bringing down the entire financial system. The costs of rescuing the banks will be with us for decades. The meltdown and its consequences have raised fundamental questions, even in traditional quarters, about the capital markets and the financial system. What will it take to make them stable, sustainable and socially useful?
Five years on, we would like to invite you to join us in discussing the future of finance, Chaired by Leo Johnson, nef Trustee, and Co-Author: "Turnaround Challenge: Business and the City of the Future", with two eminent speakers and a diverse panel of experts.
- Rod Schwartz - a former Lehman Brothers banker who founded the social investment firm, ClearlySo, as his former employer was filing for bankruptcy.
- Tony Greenham - a former investment banker for Barclays and Credit Suisse, now a leading commentator on financial reform at nef (the new economics foundation).
The new Governor of the Bank of England, Mark Carney, recently warned of the dangers of "finance that becomes disconnected from the economy, from society, finance that only talks to itself and deals with each other, that becomes socially useless." But how can we ensure this does not happen? How can we harness the power of finance for social good?
They will initiate a panel and audience discussion about what we have learned and, most importantly, how finance can and should work in the coming decades.
The event will be followed by a drinks reception sponsored by ClearlySo in celebration of their 5th anniversary.
This event is brought to you by ClearlySo and nef (the new economics foundation) and is hosted by ICAEW (Institute of Chartered Accountants in England and Wales)
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New Economics Foundation
The New Economics Foundation is the only people powered think tank. We work to build an economy where people really take control.