The Global Crisis: Fatal Decisions - Four Case Studies In Financial Regulation

Free registration required

Executive Summary

This paper uses four case studies to review the performance of the Anglo-American regulatory 'Culture'. In the decade before the global financial crisis, American and British officials were almost identical in their analysis of and non-interventionist responses to identified threats from changing financial conditions in Asia; dependence of new financial products on the insurance industry; shortcomings of the rating agencies; and excesses in their property markets. They now acknowledge these past policy errors but continue to resist consumer protection and other reform initiatives.

  • Format: PDF
  • Size: 185.2 KB