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Sheila Bair

Q&A: Anat Admati on 'What's Wrong With Banking and What to Do About It'

Q&A: Anat Admati on 'What's Wrong With Banking and What to Do About It'

Anat R. Admati, a professor of finance and economics at Stanford's business school, is an unlikely player in Washington's financial reform scene.

The 58-year-old Israeli-born economist arrived at Stanford in 1983 with an interest in mainstream financial issues and a firm belief that markets — with their unique ability to assign a price to risk and channel capital to its most efficient use — were a powerful force for good.

The 2008 financial crisis upended that faith. She turned her gaze to the industry at the center of the crisis: banking.

Admati made waves on the national financial reform scene in 2013 with the book "The Bankers' New Clothes: What's...

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