Financial Disasters, the Great Financial Crisis, and the GARP Code of Conduct
Free GARP FRM Part I lesson in Foundations of Risk Management. 19 min read, ~2,815 words.
Disaster cases group by risk class: interest rate (S&L), funding liquidity (Lehman, Continental Illinois, Northern Rock), hedge implementation (Metallgesellschaft), model risk (LTCM, Niederhoffer, London Whale), rogue trading (Barings), financial engineering (Bankers Trust, Orange County), reputation (VW), governance (Enron), cyber (SWIFT). The GFC of 2007-09 combined subprime origination, securitization complexity, ratings...
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What this lesson covers
- Content
- Example 1
- Example 2
- Common Mistakes
- Check Your Understanding
- Exam Shortcuts
Learning objectives
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