With government intervention and rescue of banks comes added regulation. Many blame the hands-off approach in the US and UK that led to companies developing lax lending standards, but the problem here is two-fold. Not only has it become painfully obvious that governments have to maintain tight regulation in sectors including finance, but that those companies failed overwhelmingly to adequately assess their own risks and financial models.
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| Attachment | Size |
|---|---|
| Xbow February 2009.pdf | 528.73 KB |
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