As part of the ESRC Festival of Social Science, we explored the role of banks in our economy and considered why they may not always act in our best wishes.
Various different case studies and academic perspectives were considered, including economics and more socially orientated elements such as culture and, of course, greed! We then considered what needs to be done about our banks (if you were Prime Minister for the day) and what measures might help them to be better behaved, if indeed they need to be?
The session was very interactive with quizzes, discussions and a final team debate. Some small prizes were available to help stimulate participation.
This event was aimed at schools (teachers and pupils years 10-13).
Speaker: Dr Simon Ashby.
Simon is Associate Professor of Financial Services at the Plymouth Business School. Prior to this he worked as a financial regulator (writing policy on risk management for the UK Financial Services Authority) and a senior risk manager in a number of top UK financial institutions (covering both credit and operational risk). Simon has a PhD in corporate risk management and has published many academic papers and reports on risk, financial services regulation, banking and insurance. His current research interests include the global financial crisis, the Basel III and Solvency II regulatory reforms and risk management concepts such as risk culture and risk appetite.
Simon remains actively involved in the UK financial services sector and is a regular speaker at industry conferences and seminars. He also provides occasional training and consultancy services to financial institutions and their regulators. Simon is a Fellow and Chairman of the Institute of Operational Risk and a Senior Research Fellow at the Centre for Risk, Banking and Financial Services at the University of Nottingham.