The Bankers‘ New Clothes with Martin Hellwig and Martin Wolf – Why Banks are Still Dangerous


16:00 Uhr





Along with the real estate bubble, the market-liberal dream of efficient financial markets also burst during the global financial crisis of 2008. Since then, stricter and better rules were supposed to prevent taxpayers from having to pay for the rescue of banks. In reality, however, little has changed, write Martin Hellwig and Anat Admati in the recently published extended edition of their book ‘The Bankers’ New Clothes: What’s Wrong with Banking and What to do about it’. The turmoil at Credit Suisse a good year ago demonstrated this.

We invited Martin Hellwig and Martin Wolf to discuss with us why the major reform of the banks failed to materialise after the financial crisis – and what would be needed to make the banking system more robust.


The event will be held in English. We look forward to your participation!

Martin Hellwig

is a Director Emeritus at the Max Planck Institute for the Research on Collective Goods in Bonn and former chair of the German Monopolies Commission and the Advisory Scientific Committee of the European Systemic Risk Board.

Martin Wolf

is chief economic commentator at the Financial Times, London. In 2000 he was awarded the CBE (Commander of the British Empire) "for services to financial journalism" and was a member of the UK government's Independent Commission on Banking between June 2010 and September 2011.