Date:
February 21, 2024
Time:
10:00 - 11:00 a.m. EST
3:00 - 4:00 p.m. GMT
Presented By:
David Buckham, CEO of Monocle
Justin C. McCarthy, CEO of PRMIA
Session Length:
60 minutes
PRMIA will be in conversation with David Buckham, founder and CEO of Monocle, about why banks fail. David's recent book, with the relevant title "Why Banks Fail" will be the main topic, allowing a related discussion about recent bank failures like Silicon Valley Bank, the overall banking system and David's own first hand experience of seeing other banks fail. With the book's subtitle being "Unrelenting Bank Runs, The Conundrum Of Central Banking & South Africa’s Place In The Global Order", there will also be a look at banking in South Africa versus other nations like the United States of America.
About the Book: Why Banks Fail: Unrelenting Bank Runs, The Conundrum Of Central Banking & South Africa’s Place In The Global Order by David Buckham, with Robyn Wilkinson & Christiaan Straeuli In a world where banks are perceived as unshakeable fortresses, there is a worrying truth that lies just beneath the surface: banks are far more fragile and fail more frequently than we choose to believe. In the US alone, more than 560 banks have failed since the turn of the century. In South Africa, the collapse of Saambou in 2002 sparked the A2 Banking Crisis, which saw half the country’s banks deregistered in the aftermath. In 2023, the high-profile failures of SVB, First Republic Bank, Signature Bank and Credit Suisse dominated global headlines and set off waves of panic across the international banking landscape. - Why do these large financial institutions with hundreds of billions on their books fail out of the blue? - What role do central banks play in these dramatic failures? - How can the global financial system be reformed to be more resilient, and what path should South Africa take?
| About Our Expert |
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David is the founder and CEO of Monocle, an international management consultancy that specialises in banking and insurance. He holds a Bachelor of Science in Mathematics and a Master of Arts in Literature from the University of Cape Town.
Before establishing Monocle, David gained many years of diverse experience at companies within the finance and technology space. David has co-authored several books, most recently the bestseller “The End of Money: The Great Erosion of Trust in Banking, China’s Minsky Moment and the Fallacy of Cryptocurrency” (2021), the internationally published “Unequal: How Extreme Inequality is Damaging Democracy and What We Can Do About It” (2023), and the newly released “Why Banks Fail: Unrelenting Bank Runs, the Conundrum of Central Banking and South Africa’s Place in the Global Order” (2023)
David continues to write commentary and speak on a range of topics, from politics and banking to sports and economics. Outside of Monocle and writing, David is an avid athlete, competing in triathlons, mountain bike races, and rock climbing.
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| Continued Risk Learning Credits: 1 |
PRMIA Continued Risk Learning (CRL) programs provide you with the opportunity to formally recognize your professional development, documenting your evolution as a risk professional. Employers can see that you are not static, making you a highly valued, dynamic, and desirable employee. The CRL program is open to all Contributing, Sustaining, and Risk Leader members, providing a convenient and easily accessible way to submit, manage, track and document your activities online through the PRMIA CRL Center. To request CRL credits, please email [email protected].
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Registration |
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Price |
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Members (Sustaining, Corporate, RIM & Contributing)
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COMPLIMENTARY |
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Non Member |
$39 USD
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