Symposium “Taking back Control” On the global financial crisis and the ambitions of controlling the financial system

THURSDAY, 6TH, 11:30 – 21:00 HRS AND FRIDAY, 7TH SEPTEMBER 2018, 9:00 – 15:30 HRS, GOETHESTRASSE 2, SCHADER-FORUM, 64285 DARMSTADT, GERMANY

Is it possible not only to stabilize the financial system, but also to align it with social goals? And how could this happen?

The insolvency of the investment bank Lehman Brothers on 15 September 2008 marked a dramatic climax of the global financial crisis. Cultural, institutional and organisational change paved the way for this crisis. The crisis, which can be attributed solely to the risky business strategies of some financial institutions on the US mortgage market, is too short-sighted.

At the same time, the effects of the global financial crisis are multifaceted. In the countries of the global North, it has significantly increased the feeling of insecurity. In its manifestation as a European debt crisis, it had extensive political consequences – far beyond financial market policy. Trust in the fundamental institutions of modern societies, in the market’s ability to coordinate and in the corrective and steering potential of the state has been severely scratched all over the world. This is also likely to feed the success of populist movements in Europe and North America.

The ambitions of controlling the financial system in view of the experiences of the global financial crisis will be the topic of the interdisciplinary conference “Taking back Control”. It will take place on the occasion of the tenth anniversary of the collapse of Lehman Brothers on 6/7 September 2018 at the Darmstädter Schader-Forum.

The conference will focus on the topics “Transdisciplinary crisis diagnoses”, “The significance of the global financial crisis for the stability of democratic societies” and “Social control of the financial system – how and what for”.

Organizers are the Schader Foundation and the BMBF-funded research network “What should banks do? (SOFI Göttingen, Darmstadt University of Applied Sciences and Nell-Breuning Institute Frankfurt am Main). The symposium is funded by the Federal Ministry of Education and Research as part of the “Financial System and Society” funding initiative. The papers on the workshop rounds will be available from mid-August on the website www.schader-stiftung.de/takingbackcontrol .

Please register by 30 August 2018 at the latest.

Fax: 0 61 51 / 17 59 – 25, e-mail: kontakt@schader-stiftung.de or online at www.schader-stiftung.de/takingbackcontrol

DOWNLOAD PROGRAM AND REGISTRATION HERE.

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