Below is TED talk by Anat Admati based on her book The Banker's New Clothes, which is a must-read for anyone interested in understanding how banking works and how it can be reformed. Admati argues that bankers need more 'skin in the game', but she is somewhat sceptical that reform of the banking system is possible. In my new book, Banking in Crisis, I share Admati's scepticism regarding reform and I also agree with her that bankers need more 'skin in the game'.
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