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Why was risk management not effective in preventing financial institutions from bubbles in the past? 1. Because the … emerge of the bubbles were not recognized at all. 2. Because risk managers did not have sufficient authority to stop the …
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This new report from the Geneva Association looks at the relationship between insurance wind-downs and systemic risk, concluding that frameworks for dealing with such risks in banking "would be a poor guide" to necessary changes in insurance. The report argues that all necessary recovery and...
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This Geneva Association “insurance reader on the credit crisis” has been put togetheras a reaction to the widespread demand for reliable information on and an intellectualappreciation of the insurance sector’s involvement in the credit crisis. Since the end of2007, The Geneva Association...
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