Finance Episodes
March 21, 2023
Global Banking Turmoil and the Illusion of Control. Talking with Jon Danielsson, Professor of Finance at the London School of Economics and Director of the Systemic Risk Center.
The global banking crisis and the failure of Silicon Valley Bank as well as Credit Suisse was worsened by a lack of diversity - shock absorbers - in the financial system. Professor Danielsson argues for a new approach to risk management.