![\"\"](\"https:\/\/www.w-t-w.org\/en\/wp-content\/uploads\/2025\/08\/Stop-coddling-banks-796x1024.jpg\")
Cartoon: Granger Collection<\/p>\n","protected":false},"excerpt":{"rendered":"Stanford UShe traced banks\u2019 protection to the creation of US federal deposit insurance in 1933 and criticised the expansion of safety nets that effectively bail out creditors. International banking rules, including those of the Basel Committee, she said, have been \u201cspectacularly bad\u201d and worsened system fragility, as seen in the 2015 Greek debt crisis.<\/p>\n
Admati also cited the 2012 US investigation into HSBC for laundering cartel money, noting that political concerns over financial stability reduced the bank\u2019s fine to \u201ca few weeks of profits.\u201d She urges us all to challenge such systemic failings.niversity professor Anat Admati has warned that the financial sector\u2019s entrenched privileges, weak oversight, and political influence are undermining democratic governance and fuelling populism. Speaking at a political economics conference hosted by Bayes Business School, the School of Policy and Global Affairs at City St George\u2019s, University of London, and the London School of Economics, she argued that \u201clittle has changed\u201d since the 2008 global financial crisis.<\/p>\n
\u201cBanks are the most powerful lobby in Washington,\u201d said Admati, named one of Time magazine\u2019s 100 most influential people in 2014 for her book The Banker\u2019s New Clothes. \u201cPoliticians keep saying banks are friends. No \u2014 the problem is bad governance and bad rules. Banks are so coddled they may not even realise it.\u201d<\/p>\n
Professor Admati challenged us\u00a0 to speak out on issues that have such an impact on the lives of so many.<\/p>\n
Professor Admati warns us not to coddle our banks<\/p>\n
Cartoon: Granger Collection<\/p>\n","protected":false},"excerpt":{"rendered":"
Stanford UShe traced banks\u2019 protection to the creation of US federal deposit insurance in 1933 and criticised the expansion of safety nets that effectively bail out creditors. International banking rules, including those of the Basel Committee, she said, have been … Continue reading