The Chicago Council on Global Affairs and the The CME Group Present:
Second Annual CME Group Lecture on Global Financial Markets: Building a Financial System for the Future with Dr. Robert Shiller
Over the last few years, the financial sector has experienced its worst crisis since the 1930s. The collapse of major firms, the decline in asset values, the interruption of credit flows, and the loss of confidence in the market were all extraordinary in scale and scope.
New regulations—most notably the Dodd-Frank Act and the Basel III rules—endeavor to prevent future financial meltdowns.
Simply reigning in Wall Street, however, is not sufficient according to Robert Shiller. He believes that with the benefit of recent lessons and improved knowledge of human behavior, a new financial order can be developed in which information technology and financial theory unlock the latent value of our ordinary riches and create growth.
A discussion of whether increased regulation and financial innovation can coexist as we build a new globalized financial system.