Financial Disasters, the Great Financial Crisis, and the GARP Code of Conduct
Free GARP FRM Part I lesson in Foundations of Risk Management. 18 min read, ~2,727 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). GFC of 2007-09 was driven by subprime mortgage origination, securitization...
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What this lesson covers
- Content
- Example 1
- Example 2
- Common Mistakes
- Key Takeaways
- Exam Shortcuts
Learning objectives
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