The present paper constitutes an analysis of a combination of factors, which have
contributed to the global financial crisis of 2007. The writer elaborates on, first, an
indicative list of financial products associated with problematic results; second, the
excessive risk taking from the part of professionals running major financial institutions;
third, the threat imposed by excessive risk taking not only to individual financial
institutions but also to the financial system as a whole. With this combination of factors
in mind, the aim, at the conclusion of this work, is a proposed approach on both a
procedural and a substantial framework for the liability of professionals undertaking
excessive financial risk.
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