Crisis

Crisis: Cause, Containment and Cure explains how the global financial crisis of 2007 came about, how it was contained and what steps should be taken to prevent such a crisis from happening againches Written by a Member of the Executive Committee at the Financial Services Authority, it gives a first hand view of policy-making combined with rigorous economic analysis presented in an easily readable style. It is analytical ₆ not anecdotal ₆ based on up-to-date economic theory and recent policy pronouncements, including both macroeconomic and financial sector aspects. Enhanced with diagrams to illustrate key concepts, this book will be a valuable resource for banks, central banks, public policy makers, banking regulators, law firms, trade associations, finance ministries, students of banking, finance and monetary economics and indeed anyone who seeks a balanced, comprehensive, global authoritative view of the crisis. This new edition - is updated to take account of changes in regulation, including decisions of the Basel Committee to revamp capital and liquidity regulation as well as legislative changes in the US, EU and the UK. Many of these changes were in line with the recommendation