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Money Talks from The Economist

Money talks: Rise of the No Men

Money Talks from The Economist

The Economist

News, Business, Economy, Finance & Economics, Business News

4.41.2K Ratings

🗓️ 30 April 2019

⏱️ 21 minutes

🧾️ Download transcript

Summary

Since the financial crisis, compliance officers in charge of minimising banks’ regulatory woes have never been more in demand. Will banks reach peak compliance? Also, author Caroline Criado Perez exposes what she calls “data bias in a world designed for men”. Also, after Avengers: Endgame broke box office records, will Disney Hulk smash the streaming competition later this year? Philip Coggan hosts

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Transcript

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0:00.0

Imagine sweeping through green fields, floating five feet above ground, sun on your face as you

0:08.3

slide by on track to your

0:15.0

there,

0:20.0

to care in the world as you simply lean back.

0:17.0

And before you know it, you're there.

0:20.0

This is how travels should feel,

0:22.0

and on our trains it does.

0:25.0

Avanti West Coast feel good travel. Hello I'm Philip Kogan, the economist's Bartleby columnist and this is money talks on economist radio.

0:46.5

Coming up on today's show the rise of the compliance officer. They have 30-something

0:52.0

thousand people in all of these areas.

0:54.0

Now that's enough to fill about two-thirds to three-quarters of the seats in the stadium of the Mets baseball team.

1:01.0

I speak to Caroline Criado Perrez about her new book, Invisible Women.

1:06.7

We don't know about safety for women in male-dominated industries. When they were working in

1:11.4

them, their data was discounted from the analysis.

1:16.0

And the Avengers conquer all, especially at the Box Office.

1:20.4

A decade ago, China took in 900 million at the box office in a whole year.

1:26.0

Endgame has just done more than one third of that in a matter of days. First, since a financial crash 10 years ago, one particular job has mushroomed in banks.

1:46.7

To the traders, they're the people who kill their fun by stopping them from taking risks. Who are these mysterious people?

1:54.8

Compliance officers, the people who are now central characters in finance. They don't

2:00.6

generate any revenue themselves, but there are a lot more of them.

2:04.0

Matthew Valencia, our deputy business affairs editor, has been checking up on the Checkeruppers.

2:10.0

Matthew, why has there been such a surge in growth for these jobs?

...

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