30 Nov HBOS talk
From Aidan Hetherington
In a new and innovative research study of Britain's largest corporate failure, HBOS, Professor Atul K. Shah discusses the blame game and fallout, probing into the details of risk, audit and regulatory failure. The findings expose fundamental problems with the theory and education of finance, something which both the parliamentary investigation and the PRA reports missed.
Yes, he criticises his own profession, showing how politics and power really influence financial decisions, as opposed to the usual humdrum of rational investors and efficient and competitive markets taught in finance textbooks. The findings call for a much more holistic approach to finance education, where both research and teaching need to place ethics and culture at its core. Professor Shah refreshingly uses a diverse cultural lens to expose the rot in the system, which all too often is white and male.
After his presentation he is joined by Ray Perman, journalist and chair of the James Hutton Institute; Paul Moore, former head of risk at HBOS, Ian Fraser, journalist and writer to discuss the topic and take questions from the floor.
This event was jointly held with the library of Mistakes