Private Enforcement of Systemic Risk Regulation
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Authors
Schooner, Heidi Mandanis
Issue Date
2010
Volume
43
Issue
Type
Journal Article
Language
Keywords
Alternative Title
Abstract
INTRODUCTION|The list of causes of the 2008 Financial Crisis is long, varied, and the subject of debate. Just as we continue to debate the causes of the Great Depression, we will likely continue to debate the causes of the 2008 Financial Crisis for many years to come. A common list of failures contributing to the Financial Crisis includes: global imbalances (excess savings in some countries and excess borrowing in others), erroneous monetary policy (sustained ultra-low interest rates), financial innovation (for example, the reliance on securitization of mortgages), risk management and internal control failure, market discipline failure, and regulatory failure...
Description
Citation
43 Creighton L. Rev. 993 (2009-2010)
Publisher
Creighton University School of Law