In celebration of 50th anniversary of Manchester Business School in 2015, a series of seminars and events will be organised throughout the year. The first ever seminar, we are delighted to invite our leading faculty Ismail Ertürk to talk about the global finance environment and global finance system. In this talk Ismail discussed how we are entering into a new unpredictable period in global finance and how and why the destabilising consequences of the policy divergence should be avoided through central bank co-ordination and new radical governance for the international financial system.