Dan Davies, author of "Lying for Money" and "The Unaccountability Machine," delves into the complexities of cybernetics and its impact on modern organizations. He explores how organizations adapt as they grow, revealing the intricate relationship between financial fraud and system design. The conversation highlights the dangers of detachment in decision-making and the innovative solutions required for managing modern complexities. Davies also shares insights from his journey transitioning from banking to writing, emphasizing the true value of community connections in publishing.

In this discussion, Dan Davies, a Managing Director at Frontline Associates and former Bank of England economist, delves into the shocking collapse of Silicon Valley Bank. He reveals how the bank's tech-heavy customer base was more volatile than anticipated and why their risky investments in long-dated Treasuries backfired. Davies also highlights critical failings in risk management and regulatory gaps that accelerated the downfall, leaving the banking sector to brace for future challenges and uncertainty.

Dan Davies, economist, discusses the unaccountability of managerial elite creating terrible business outcomes. Topics include blame shifting to systems, financial markets as measure of accountability, challenges of borrowing large sums of money in businesses, and the shift towards corporate purpose beyond profit.

In this conversation, guest Dan Davies, a former investment banker and acclaimed author of "Lying for Money" and "The Unaccountability Machine," explores the troubling dynamics of accountability in large systems. He discusses the phenomenon of the 'accountability sink,' where rigid rules shield individuals from blame. Delving into topics such as the flaws in prioritizing shareholder value and the complexities of decision-making in finance, Davies emphasizes the urgent need for effective communication and personal responsibility within organizations.

Dan Davies, an author focused on accountability in the Post Office scandal, joins experts Alisdair Cameron, Graham Brander, and Anne Chambers to dissect widespread systemic failures. They discuss the pernicious culture that blamed postmasters and the flawed prosecution processes. The conversation highlights how rigid oversight mechanisms stifled individual intervention, leading to unjust prosecutions. Insights into the impact of technology and the evolution of management relationships provide a comprehensive view of accountability challenges and the need for reform.