October 3, 2018
The financial sector is too large, too complex, and too dependent on government support. These attributes shortchange the country by distorting price signals, hindering useful investment, and raising the odds that another systemic melt-down will occur. Other sectors such as the legal, regulatory, and political ones also shortchange society by propping up the financial sector rather than curbing it.
In this Croatan Forum session, panelists discuss what is needed, including advocacy, whistle-blowing, and clearer ESG goals, to transform the financial sector into a contributor, rather than an impediment, to a more robust economy and country.