What caused the banking crash? Impact on regulation

[sports_brah]

Final topic!

Does anyone have some good insights as to what caused the financial crisis and the impact it has had on regulation?

Any particular actions that have been taken to "fill gaps in the framework" with that have your interest?


Basically a discussion around this topic would be pretty helpful to me. I've got a fairly indepth understanding, but hearing others chat about it might reveal a few more insights.


Thanks!

 

[sports_brah]

Thanks for the information guys.

So how is regulation changing this now? Is it the answer or just another way to kick the can til the next time?

 

[sports_brah]

David Bowie started it

Bill Clinton and Black people also have some blame, as do various bank's for relying too much on flawed mathematical models which underestimated tail risk

I've got the black swan sort of stuff, take more emphasis on the "fat tails" etc.


I'm just trying to figure out the regulation will play a part in the changing of the structure of the banks eg Anglo Irish Bank. etc

 

[sports_brah]

Lol homework troll succeeds.

u mad bro?

Dem assessment centres.

Haha, I've been to 3 assessment centres recently. Feel like cattle at this stage!

Thankfully I've got no real interest in going into risk management, I'd rather be at the section where people are managing MY risk.

Surely being someone with an 'indepth' knowledge of the financial crisis you should know this?

I've got plenty of books on it, and I'm pretty confident in my ability to write a great deal on it. It never hurts to hear others opinions, as it can sometimes dovetail really nicely with an existing viewpoint.



Just to add to the discussion. If someone wants a good introduction, I would recommend reading:

Understanding regulation, theory, strategy and practice (second edition). (Baldwin, Cave and Lodge).

Very comprehensive and gives a good basis. Message me in trust if you'd like a copy.

 

[sports_brah]

Human nature.

Love how its all hidden away by new regulations and so on as if thats going to stop it happening again when it doesn't address the actual cause.

No cure for being human!