Capital failure - restoring trust in the financial system
Financial firms were once organisations which helped their clients to do well, and earned fees from doing so. They have become organisations which look for people from whom to make money. As a result, people who work in finance are now very different from doctors; and they are no longer trusted. How did this happen? What can we do to make financial corporations, once again, institutions that are useful to society? Professor Vines, Director of Ethics and Economics at INET Oxford, will provide some answers to these questions in his talk, and will provide particular examples of what needs to be done.