Interview on Trust in Finance
After winning an essay prize for Ethics in Finance, Friedemann Bieber and I had the opportunity to discuss our argument during a public interview. In the essay, we argue that the financial crisis fundamentally broke the public’s trust in the financial system and its main protagonists. We then suggest a range of short-term and long-term measures to remedy this problem: more individual and institutional accountability, more transparency, and, ultimately, a more equitable distribution of the prosperity that financial markets can generate.