Dangers of an Unregulated Financial System - Sony Kapoor September 16, 2009

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Complete video at: http://fora.tv/2009/09/08/CAPITAL_Sony_Kapoor_on_Changing_a_System_of_Our_Creation

Sony Kapoor, managing director of Re-Define, likens the an unregulated financial system to a dangerous road with over-sized trucks carrying toxic assets driven by drunk drivers with no barriers or signals through a thick fog.

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A former derivatives trader who switched sides, Sony Kapoor employs vivid metaphors to argue that finance needs to be reigned in to bring us back to prosperity, in this, modern society's 90th such financial crisis.

Kapoor's momentum: "Waking up knowing that I have the capacity to make a significant albeit small difference before I go to bed that day gives me momentum." - Momentum Conference

Sony Kapoor is the Managing Director of Re-Define (Rethinking Development, Finance & Environment), an international Think Tank promoting financial system reform. A prominent expert on international finance and development, he started his career in investment banking and derivative trading. In 2003 he quit to work on reforming the financial system and promoting international development. Kapoor has been a leading advocate for debt cancellation, action against tax havens, and promoting innovative sources of financing. He is a key adviser to several governments, international agencies, political parties, unions, and NGOs on helping shape a more progressive society.

Kapoor has worked in a policy advisory and strategy consulting capacity for international organizations such as the World Bank, UN, and UNDP, international NGOs such as Oxfam, and Christian Aid, financial institutions such as the Industrial Credit and Investment Corporation of India, and Lehman Brothers, and governments including that of Norway. He has studied at the prestigious Indian Institute of Technology, University of Delhi and the London School of Economics.