Risky Business: Global Finance and the Perils of Specialization

Gillian Tett, US Managing Editor, Financial Times

Risky Business: Global Finance and the Perils of Specialization by The Chicago Council

What caused the last financial crisis? Some argued that regulators were too laissez-faire. Others blamed bankers for hiding their risky behavior or using political influence to avoid oversight. Gillian Tett contends that the systemic risk accumulation that led to the financial crisis was exacerbated by organizational fragmentation into functional units, or silos—which operated in isolation, with limited information and tunnel vision. Thus, very few insiders or outsiders were in a position to ‘connect the dots’ and see how the global financial system was spinning out of control. Why do people fail to see obvious dangers and opportunities? How can organizations manage risk and move from institutional blindness to 20/20 vision? Join The Chicago Council and Gillian Tett for an exploration of the past mistakes and the benefits and drawbacks of specialization in the global age.   


Gillian Tett’s latest book, The Silo Effect: The Peril of Expertise and the Promise of Breaking Down Barriers, will be available for purchase and signing from The Book Cellar after the program.

Not a member? Join The Chicago Council or upgrade your membership and receive a complimentary copy of The Silo Effect: The Peril of Expertise and the Promise of Breaking Down Barriers.
 

 

Speaker Bio

Pre-Reads

"Federal Reserve," Charlie Rose, PBS, 9/16/2015

Schedule

5:30 p.m.            
Registration and cash bar reception

6:00 p.m.            
Presentation and discussion

7:15 p.m.            
Adjournment and book signing

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