Citation

Reforming Global Financial Rules Following the Crisis: Still a Transatlantic Affair

Abstract | Word Stems | Keywords | Association | Citation | Similar Titles



Abstract:

With the exception of Canada and few other countries, the 2007-2009 financial crisis has brought a large number of banks around the world to their knees – most of them based in Europe and the US – as they have seen the value of their assets tumble. In order to prevent a collapse of banking systems, governments and central banks have had to intervene to recapitalize these banks. Some of them have been nationalized. The causes of the crisis are by now clear: opaque and complex financial instruments, inappropriate incentives, transnational lending and investing, monetary imbalances, easy monetary policy, overindebtedness, and inadequate regulatory supervision. In response to the crisis, G20 leaders have now mandated the Financial Stability Board and the Basel Committee to revise the existing and inadequate global financial regulatory framework. Although Europe and the US have been most affected by the crisis, we should still expect them to exercise most influence on the outcome of the reform process. However, one should not neglect Canada’s role. As a result of the solid performance of its banks throughout the crisis and the good international reputation that its financial officials have acquired over the years, Canada is an excellent position to serve as a focal point for a successful outcome.
Convention
All Academic Convention is the premier solution for your association's abstract management solutions needs.
Submission - Custom fields, multiple submission types, tracks, audio visual, multiple upload formats, automatic conversion to pdf.Review - Peer Review, Bulk reviewer assignment, bulk emails, ranking, z-score statistics, and multiple worksheets!
Reports - Many standard and custom reports generated while you wait. Print programs with participant indexes, event grids, and more!Scheduling - Flexible and convenient grid scheduling within rooms and buildings. Conflict checking and advanced filtering.
Communication - Bulk email tools to help your administrators send reminders and responses. Use form letters, a message center, and much more!Management - Search tools, duplicate people management, editing tools, submission transfers, many tools to manage a variety of conference management headaches!
Click here for more information.

Association:
Name: Seventeenth International Conference of the Council for European Studies
URL:
http://www.ces.columbia.edu


Citation:
URL: http://citation.allacademic.com/meta/p401473_index.html
Direct Link:
HTML Code:

MLA Citation:

Leblond, Patrick. "Reforming Global Financial Rules Following the Crisis: Still a Transatlantic Affair" Paper presented at the annual meeting of the Seventeenth International Conference of the Council for European Studies, Grand Plaza, Montreal, Canada, <Not Available>. 2014-11-27 <http://citation.allacademic.com/meta/p401473_index.html>

APA Citation:

Leblond, P. "Reforming Global Financial Rules Following the Crisis: Still a Transatlantic Affair" Paper presented at the annual meeting of the Seventeenth International Conference of the Council for European Studies, Grand Plaza, Montreal, Canada <Not Available>. 2014-11-27 from http://citation.allacademic.com/meta/p401473_index.html

Publication Type: Conference Paper/Unpublished Manuscript
Abstract: With the exception of Canada and few other countries, the 2007-2009 financial crisis has brought a large number of banks around the world to their knees – most of them based in Europe and the US – as they have seen the value of their assets tumble. In order to prevent a collapse of banking systems, governments and central banks have had to intervene to recapitalize these banks. Some of them have been nationalized. The causes of the crisis are by now clear: opaque and complex financial instruments, inappropriate incentives, transnational lending and investing, monetary imbalances, easy monetary policy, overindebtedness, and inadequate regulatory supervision. In response to the crisis, G20 leaders have now mandated the Financial Stability Board and the Basel Committee to revise the existing and inadequate global financial regulatory framework. Although Europe and the US have been most affected by the crisis, we should still expect them to exercise most influence on the outcome of the reform process. However, one should not neglect Canada’s role. As a result of the solid performance of its banks throughout the crisis and the good international reputation that its financial officials have acquired over the years, Canada is an excellent position to serve as a focal point for a successful outcome.


Similar Titles:
Images of Islamic Finance and the Global Financial Crisis

The financing of developing countries in the face of the global financial crisis

Shanghai Still Shining? The Dependency of China's Most Global City on the Current Crisis Effects


 
All Academic, Inc. is your premier source for research and conference management. Visit our website, www.allacademic.com, to see how we can help you today.