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All Blog Posts Tagged 'http://www.bis.org/speeches/sp081119.htm' (1)

How might the current financial crisis shape financial sector regulation and structure?

Keynote address by Már Gudmundsson, Deputy Head of the Monetary and Economic Department of the BIS, at the Financial Technology Congress 2008, Boston, 23 September 2008



The current financial crisis was triggered by increasing defaults on subprime mortgages and the turn of the housing cycle in the United States. However, it had deeper causes in the under-pricing of risk and debt accumulation in several countries during the period of low real interest rates and easy access to credit.… Continue

Added by John A Morrison on November 28, 2008 at 3:00am — No Comments

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