Publication
17 Jul 2009
The financial crisis signaled the need for a real paradigm shift in prudential regulation, but this apparently has not yet happened. It is now evident that boards and senior management of banks had great difficulty in appreciating the magnitude of the risks being taken in their market departments, and actually understood the implications of those risks even less.
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English (PDF, 2 pages, 115 KB) |
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Author | Karel Lannoo |
Series | CEPS Commentaries |
Publisher | Centre for European Policy Studies (CEPS) |
Copyright | © 2009 Centre for European Policy Studies (CEPS) |