|Too Big To Fail, Too Big To Be?|
IMD has the pleasure to invite you to our Business Forum:
When: Thursday, May 5, 2011, 19:00-22:00
Topic: Too Big To Fail, Too Big To Be? by Prof. Arturo Bris
The collapse of the financial system in 2008 raised the awareness of governments to the problems caused by "too big" financial institutions. Regulators on both sides of the Atlantic are now trying to address this issue by (i) guaranteeing a default-free status for systemically important financial institutions; and (ii) imposing internal risk management policies to avoid excessive risk-taking. Both sound good, in principle. But, alas, reducing risks also raises important criticisms. In particular: Do systemically dangerous financial institutions play an unfair game given the implicit guarantee provided now by governments? Will large financial institutions be able to perform their role as financial intermediaries efficiently if they are not allowed to take risks?
Whether you are a central banker, a financial analyst or an executive running a "normal business" (or even simply a mortgage holder), the answers to these questions are important, and you have a stake in how governments and banks respond to them.
Please note that this event is on invitation only.
What is an IMD Business Forum?
IMD's Business Forums are organized by IMD throughout the world. They gather IMD's Alumni, executives and managers from companies who are members of the IMD Corporate Learning Network as well as top decision makers. Focusing on leadership, management and business issues influencing regional & global development and growth, the Forums are interactive, informative events that will also provide you with great networking opportunities. They create compelling dialogue and provide a platform for cross-industry, high-level debate and discussion. You will discover the exceptional standards we set in executive education.