Banking: what’s coming next?
Where in the world are the next systemic bubbles? Can we conceive of interventions which might genuinely mitigate the risks? Are the biggest challenges to banking innovation technological, cultural, governance related, or socio-geographic?
Would replacing some bankers with meteorologists have prevented the crisis?
It wasn’t greed after all. Neuroscience shows that experts make illogical decisions when confronted with unprecedented circumstances, because experience can force you to unconsciously override logic in favour of your established beliefs. Experts in entirely unrelated fields need to be brought in on crucial decisions