An internationally respected expert in financial markets, banking and governance, who was named one of TIME magazine’s most influential people in the world in 2014, will speak in Wellington next Thursday on what’s needed to create a healthier and safer banking system.

Professor Anat Admati from Stanford University’s Graduate School of Business is the Professorial Fellow in Monetary and Financial Economics, organised each year by Victoria University of Wellington and the Reserve Bank of New Zealand.

In her one-hour public lecture, Professor Admati will discuss her book The Bankers’ New Clothes: What’s wrong with banking and what to do about it, which argues it is possible to “have a safer and healthier banking system without sacrificing benefits of the system, and at essentially no cost to society”.

The book, co-written with German economist Martin Hellwig, has been lauded as “the most important book to have come out of the financial crisis”, and “the most important book about banking in a very long time”.

Professor Admati has written extensively on information dissemination in financial markets, trading mechanisms, portfolio management, financial contracting and corporate governance and banking. She has been active in the policy debate on financial stability and regulation, and was named one of Foreign Policy magazine’s top 100 Global Thinkers in 2014.

The annual Professorial Fellow in Monetary and Financial Economics joins Victoria University and the Reserve Bank in their shared aim to enhance the development of monetary and financial policy in New Zealand by advancing thinking and public debate.

What: Reserve Bank Fellow in Monetary and Financial Economics public lectureWhen: reception 5.30pm, lecture 6-7pm, Thursday 17 NovemberWhere: Lecture Theatre 2, Rutherford House, 23 Lambton Quay, WellingtonRSVP: email with ‘Admati’ in the subject line to Charlotte Te Kata This email address is being protected from spambots. You need JavaScript enabled to view it. or 04-463 7431