Global financial turmoil explained - with Economics Nobel Laureate Bengt Holmström

Professor Bengt Holmström joined us in the studio to talk about the collapse of the Silicon Valley Bank, the UBS take-over of Credit Suisse and a looming financial crisis. People wonder whether other banks are about to fall to and whether their savings are safe. Holmström talks about the situation today, how it compares with the 2008 global financial crisis, policies and trust in the financial system. Bengt Holmström is Professor of Economics at the Massachusetts Institute of Technology and Adjunct Professor at the EUI School of Transnational Governance. Holmström received the Nobel prize for Economics in 2016 for his work on contract theory OUTLINE 0:00 - Are we in a banking crisis already? 1:30 - How does the current situation compare to the 2008 global financial crisis? 5:30 - What policies are need to avoid a new global financial crisis? 7:24 - How to make sure people keep trust in the financial system? 11:43 - What happens next? #banks #banking #bankingcrisis #financialcrisis #finance #SVBbank #UBS #creditsuisse #BengtHolmström #economics ___________________________________________________________________________ The School of Transnational Governance was established in 2017 as part of the European University Institute in Florence. In the cradle of the Renaissance, we teach, train and learn by providing a platform where transnational policy actors across politics, business, civil society, media and academia meet. We are here for anyone with an open and independent mind, for thinkers and for doers. We bring together some of the best teachers, trainers and policy-makers from around the world. We believe the goal of public policy is to bring out the best in people. Follow us on social media to stay up to date: ▶ Website: https://www.eui.eu/stg ▶ LinkedIn: https://www.linkedin.com/school/schoo.. ▶ Twitter : https://twitter.com/stgeui ▶ Instagram : https://www.instagram.com/stgeui

Added 14 Jul 2026