Discussion: New Trends in Banking Regulation and Putting an End to the Economic Crisis
On 16 March 2012 the Center for the Study of Democracy held a discussion with special guest Professor Kevin Dowd, Emeritus Professor at the University of Nottingham and Visiting Professor at the Pensions Institute, Cass Business School, City University London. Professor Dowd is an economist and financier, renowned for his work and intensive publication in the areas of evaluation and management of financial markets` risks. During the discussion Professor Dowd discussed the Basel regulation system and underlined the characteristics and risks of regulatory capture - the influence of the big financial institutions on their regulators. According to him senior bankers should be held liable to the society, in order to ensure the long-term stability of the institutions they govern.
