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Contribution Details

Type Media Coverage
Title Let’s Talk: What next after the Credit Suisse debacle?
Organization Unit
Authors
  • Matthew Allen
Faculty Members
  • Marc Chesney
Language
  • English
Communication Medium
  • Online
Media Names
  • swissinfo.ch
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Date May 5 - 2023
Abstract/Keywords Marc Chesney, professor of mathematical science at the University of Zurich, has for years warned of toxic conditions within the banking system. He argues that a culture of high-stakes risk has spun out of control thanks to incentives that reward short-term profit with outsized bonuses. When things go wrong, bank executives walk away with their millions without having to face the music.
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