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  4. Shadow Banking and the Next Crisis




Shadow Banking and the Next Crisis


Panel Discussions


Speakers: Anastasia Nesvetailova (City University London), James Meadway (New Economics Foundation)

Chair: Yuan Yang

Room: D220

Whilst growth and employment remain sluggish, the IMF's October Global Financial Stability Report warned about the alarming growth of the shadow banking system. Murky webs of off-balance sheet transactions and under regulated activities now make up £43tn worldwide - approaching the same levels as that which preceded the crisis. Mainstream economics remains optimistic about the recovery and circumspect about the role of regulation and further state intervention. But a growing number of critical voices are sounding the alarm on the continuation of major instabilities that could lead to another disaster. What exactly is shadow banking? Is it an inevitable feature of the modern economy, or a symptom of the unrestrained power of finance? Can it be regulated - or is another crisis inevitable?

Rethinking Economics (Kingston) invites you to debate these issues with two experts in the field. Anastasia Nesvetailova is director of the City Political Economy Research Centre at City University of London. James Meadway is Senior Economist at the New Economics Foundation.

To RSVP please contact Niall Reddy

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When & where

6.00pm - 7.30pmMonday 1st December 2014

Rhind Building City, University of London St John Street London EC1R 0JD United Kingdom