Risk in Banking: A Post-Crisis Perspective analyses the causes of the crisis 2007–2008 and presents a new, fresh perspective on the risks involved in banking, especially operational risk.
A Hispanic waiter living off tips gets a 1.2 million dollar mortgage. Soon afterwards, the worst global financial crisis in 80 years hits banks, which collapse like dominoes, in many countries; many currencies, including the Polish zloty, weaken dramatically. How is it possible that the world’s best-paid minds have created such a pathological financial system?
Thousands of studies have been devoted to this question. However, most of them neglect some essential factors, political and human. For one thing, the policies of presidents Bill Clinton and George W. Bush aimed at creating equal opportunities for the least affluent social groups all too often boiled down to giving away loans. For another, the executive remuneration and incentive systems at the largest American banks encouraged undertaking risky and speculative transactions.
Informacja dotycząca wprowadzenia produktu do obrotu:
Ten produkt został wprowadzony na rynek przed 13 grudnia 2024 r. zgodnie z obowiązującymi wówczas przepisami (Dyrektywą o ogólnym bezpieczeństwie produktów). W związku z tym może on być nadal sprzedawany bez konieczności dostosowania do nowych wymogów wynikających z Rozporządzenia o Ogólnym Bezpieczeństwie Produktów (GPSR). Produkt zachowuje pełną legalność w obrocie, a jego jakość i bezpieczeństwo pozostają zgodne z obowiązującymi wcześniej standardami.
Information regarding product placement on the market:
This product was placed on the market before December 13, 2024, in accordance with the applicable regulations at the time (the General Product Safety Directive). As a result, it can continue to be sold without needing to meet the new requirements introduced by the General Product Safety Regulation (GPSR). The product remains fully compliant with all previously valid legal standards, ensuring its continued quality and safety.
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