Banking supervision and regulation - 2nd report of session 2008-09, Vol. 2: Evidence (Paperback)

2007 and 2008 saw the biggest financial crisis since the 1930s. Banks looking for better yields from plentiful, cheap money made much more use of complex financial instruments, without fully understanding the risks to which they were exposing themselves and the financial system. Defaults on subprime mortgages underlying some of the instruments shattered confidence and financial markets seized up. The framework of regulation and supervision in Britain failed to avoid or mitigate the crisis. The tripartite authorities in the United Kingdom - Bank of England, Financial Services Authority (FSA) and HM Treasury - failed to maintain financial stability and were found wanting, in part because the roles of the three parties were not well enough defined and it was not clear who was in charge. Too little attention was paid to macro-prudential supervision (oversight of the aggregate impact on financial stability of individual banks' actions). Only the Bank of England and the

General

Imprint:	Tso
Country of origin:	United Kingdom
Series:	Banking supervision and regulation: 2nd report of session 2008-09, 2008-09 101-II
Release date:	June 2009
First published:	June 2009
Authors:	Great Britain. - Parliament. - House of Lords. - Select Committee on Economic Affairs.
Contributors:	Iain David Thomas Vallance of Tummel
Dimensions:	300mm (L)
Format:	Paperback
Pages:	266
ISBN-13:	978-0-10-844434-0
Categories:	Books > Business & Economics > Finance & accounting > Finance > Banking Books > Business & Economics > Industry & industrial studies > Service industries > Financial services industry Books > Money & Finance > Banking Promotions
LSN:	0-10-844434-1
Barcode:	9780108444340

Is the information for this product incomplete, wrong or inappropriate? Let us know about it.

Does this product have an incorrect or missing image? Send us a new image.

Is this product missing categories? Add more categories.

Review This Product

No reviews yet - be the first to create one!