{"product_id":"9781910151242-lessons-not-learned","title":"Lessons not Learned","description":"\u003cmeta content=\"text\/html; charset=utf-8\" http-equiv=\"Content-Type\"\u003e\u003cp\u003e\u003cspan\u003e10 Steps to Stable Financial Markets\u003cbr\u003eMuch has been written about the lessons learned from the financial crisis of 2009. This book deals with the lessons not learned before the financial crisis. Dr Trimbath demonstrates that an existing framework for regulating financial systems could have prevented the systemic failure in the US that led to the collapse of global credit markets.\u003cbr\u003eMuch has been written and spoken about the lessons learned from the financial crisis of 2009. This book deals with the \u003cstrong\u003elessons \u003cem\u003enot\u003c\/em\u003e learned \u003cem\u003ebefore\u003c\/em\u003e\u003c\/strong\u003e \u003cstrong\u003ethe financial crisis\u003c\/strong\u003e.\u003cbr\u003e\u003cbr\u003eDr Trimbath demonstrates that an existing framework for regulating financial systems, available since at least 2001, could have prevented the systemic failure in the US that led to the collapse of global credit markets in 2008. Step by step the book guides you through what could have been done to prevent the crisis and what investors can do to protect themselves from the next one, and concludes with a key idea for making financial services businesses stand out from the crowd ensuring future success.\u003cbr\u003e\u003cbr\u003eThe list of 10 Steps is quite straight-forward and simple.\u003col\u003e\n\u003cli\u003eHave private, independent rating agencies.\u003c\/li\u003e\n\u003cli\u003eProvide some government safety net but not so much that banks are not held accountable (\"\"Too Big to Fail\"\")\u003c\/li\u003e\n\u003cli\u003eAllow very little government ownership and control of national financial assets.\u003c\/li\u003e\n\u003cli\u003eAllow banks to reduce the volatility of returns by offering a wide-range of services.\u003c\/li\u003e\n\u003cli\u003eRequire financial market players to register and be authorized.\u003c\/li\u003e\n\u003cli\u003eProvide information, including setting standards, to enhance market transparency.\u003c\/li\u003e\n\u003cli\u003eRoutinely examine financial institutions to ensure that the regulatory code is obeyed.\u003c\/li\u003e\n\u003cli\u003eEnforce the code and discipline transgressors.\u003c\/li\u003e\n\u003cli\u003eDevelop policies that keep the regulatory code up to date.\u003c\/li\u003e\n\u003cli\u003eEncourage the creation of specialized financial institutions.\u003c\/li\u003e\n\u003c\/ol\u003e\n\u003cp\u003eFor each step the reader will find: the legislative and regulatory background on the existing rules; a review of academic research on the theory behind each step; and the facts and data connecting each step to the financial crisis of 2008.\u003c\/p\u003e\n\u003cbr\u003e\u003cbr\u003e\u003c\/span\u003e\u003c\/p\u003e","brand":"Rarewaves","offers":[{"title":"Default Title","offer_id":55180420219254,"sku":"9781910151242","price":45.83,"currency_code":"GBP","in_stock":true}],"thumbnail_url":"\/\/cdn.shopify.com\/s\/files\/1\/0092\/7504\/8033\/files\/orig_38265543.jpg?v=1763862684","url":"https:\/\/www.rarewaves.com\/products\/9781910151242-lessons-not-learned","provider":"Rarewaves.com","version":"1.0","type":"link"}