Key lessons for banking risk management following the financial crisis

Madelyn Antoncic
Additional contact information
Madelyn Antoncic: Managing Partner, Global AI Corporation, USA

Journal of Risk Management in Financial Institutions, 2014, vol. 7, issue 4, 314-318

Abstract: Many lessons have been learned from the financial crisis, and in its aftermath new regulation has been implemented to address issues which were highlighted by this crisis. However, arguably the two key reasons for the crisis (a lack of leadership and adequate governance, and a lack of functional regulation) remain open items. Without a governance framework that provides appropriate checks-and-balances, and without realigning regulation away from being determined according to a financial institution's incorporation and toward regulation according to its businesses, policy makers, regulators and the financial industry have all missed an opportunity to be better positioned to prevent another significant crisis in the future. Moreover, until there is a credible and appropriate resolution mechanism, banks remain too big to fail.

Keywords: governance framework; regulation; too big to fail (search for similar items in EconPapers)
JEL-codes: E5 G2 (search for similar items in EconPapers)
Date: 2014
References: Add references at CitEc
Citations:

Downloads: (external link)
https://hstalks.com/article/3933/download/ (application/pdf)
https://hstalks.com/article/3933/ (text/html)
Requires a paid subscription for full access.

Related works:
This item may be available elsewhere in EconPapers: Search for items with the same title.

Export reference: BibTeX RIS (EndNote, ProCite, RefMan) HTML/Text

Persistent link: https://EconPapers.repec.org/RePEc:aza:rmfi00:y:2014:v:7:i:4:p:314-318

Access Statistics for this article

More articles in Journal of Risk Management in Financial Institutions from Henry Stewart Publications
Bibliographic data for series maintained by Henry Stewart Talks ().