Generic Lessons from the Turmoil: What Can We Do Better in the Future?

Steven I. Davis

Chapter 3 in Banking in Turmoil, 2009, pp 13-21 from Palgrave Macmillan

Abstract: Abstract Our interview process began with the simple catch-all question: what have you learned from the crisis so you can do a better job in the future? The following chapters on risk management and other topics delve more deeply into specific issues, but it is interesting to explore what is top of mind of senior bankers and banking experts as they sort out the lessons of 2007–2009. In addition to summarizing the conclusions of our interviewees on the generic lessons from the turmoil, this chapter provides their detailed comments on the role of the much criticized rating agencies. Chapter 5 on future business models incorporates such reflections on the investor model and role of regulators, two key drivers of these models.

Keywords: Rating Agency; House Price; Banking Crisis; Generic Lesson; Financial Service Authority (search for similar items in EconPapers)
Date: 2009
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Persistent link: https://EconPapers.repec.org/RePEc:pal:palchp:978-0-230-27506-5_3

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DOI: 10.1057/9780230275065_3

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