The Michaelmas Debate – Too Big To Fail?

Faculty of Law, Room LG19

The Michaelmas Debate – Too Big To Fail? will be the main debate of term. Our speakers will be discussing the question “This House Believes Big Banks Should Be Broken Up”.

During the financial crisis of 2008, several governments stepped in to bail out busted banks, fearing that financial chaos would ensue if they were allowed to fail. In the last few months, there has been a new wave of calls to break up the “Too Big to Fail” banks at the centre of the crisis – the beneficiaries of a massive wave of bailouts.

Should we break up the banks?

Join The Marshall Society for its first event of the term, our annual Michaelmas Debate. Speakers will include Dr Rosa Lastra, Professor Tony Cockerill, Dr Jagjit Chadha, Professor Philip Booth, Anu Munshi and Robin Stevens.

Proposition Speakers:

Dr Rosa Lastra – Dr Rosa María Lastra is Professor in International Financial and Monetary Law at Queen Mary University of London. She is a founding member of the European Shadow Financial Regulatory Committee (ESFRC), an associate of the Financial Markets Group of the London School of Economics and Political Science. She has also served as a consultant to the International Monetary Fund, the European Central Bank, the World Bank, the Asian Development Bank and the Federal Reserve Bank of New York.

Professor Tony Cockerill – Tony Cockerill is a former Director of Executive Education at Manchester Business School and Economic Adviser to House of Commons Select Committees on Nationalised Industries and Trade and Industry.

Dr Jagjit Chadha is Professor of Economics at the University of Kent, and on the Advisory Board of the Centre for International Macroeconomics and Finance at the University of Cambridge. He was previously Professor of economics at the University of St Andrews and a fellow at Clare College, Cambridge.

Opposition Speakers:

Professor Philip Booth – Philip Booth is Editorial and Programme Director at the Institute of Economic Affairs and Professor of Insurance and Risk Management at Cass Business School. Previously, Philip Booth worked for the Bank of England as an advisor on financial stability issues.

Anu Munshi – Anu has 15 years of experience in financial markets and is currently a Partner at B&B Structured Finance Ltd. Prior to joining B&B, Anu worked for 8 years in structured credit at JPMorgan in the US, Asia and Europe.

Robin Stevens – Robin is a Partner in the Corporate Finance division of Crowe Clark Whitehill, an international accountancy. He has extensive experience in corporate advisory and reporting assignments, raising venture capital, management buyouts, capital reconstructions, pre-flotation planning and valuations.


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