Ingo Walter holds the Seymour Milstein Chair in Finance, Corporate Governance and Ethics at the Stern School of Business, New York University. Mr. Walter has served on the faculty of New York University since 1970 in various capacities, including as the Director of the New York University Salomon Center for the Study of Financial Institutions, the Director of the Stern Global Business Institute, and the Vice Dean of Faculty at Stern.
"Market discipline and rigorous corporate governance should promote safety and soundness in the financial system..." "Allison knows there is no free lunch, that greater financial stability and robustness inevitably comes with costs that get passed on to clients and shareholders..."
John A. Allison. The Financial Crisis and the Free Market Cure. New York: McGraw-Hill, 2013. 320 pp. $28.00.
Relatively few successful executives go on to write about their industries in a broader socioeconomic context, blending their own managerial experience with their perspectives on the public interest and ideas for the future. John A. Allison, the author of The Financial Crisis and the Free Market Cure, is an exception, as he provides valuable insight into the perceptions of a top banker on the global financial crisis—a systemic failure of massive proportions with bankers, households, investors, regulators, and many others all playing a role.
John A. Allison is a retired chairman of BB&T, a large U.S. bank that, like Wells Fargo and a few others, focuses mainly on retail commercial banking. It not only survived the financial crisis and the institutional and financial dynamics that preceded and followed it, but it did better than most of its peers. (purchase article...)