{"product_id":"lessons-not-learned-10-steps-to-stable-financial-markets-9781910151242","title":"Lessons Not Learned: 10 Steps to Stable Financial","description":"\u003cb\u003eBook Synopsis\u003c\/b\u003e\u003cbr\u003eMuch has been written and spoken about the lessons learned from the financial crisis of 2009. This book deals with the \u003cstrong\u003elessons \u003cem\u003enot\u003c\/em\u003e learned \u003cem\u003ebefore\u003c\/em\u003e\u003c\/strong\u003e \u003cstrong\u003ethe financial crisis\u003c\/strong\u003e.\u003cbr\u003e\u003cbr\u003eDr Trimbath demonstrates that an existing framework for regulating financial systems, available since at least 2001, could have prevented the systemic failure in the US that led to the collapse of global credit markets in 2008. Step by step the book guides you through what could have been done to prevent the crisis and what investors can do to protect themselves from the next one, and concludes with a key idea for making financial services businesses stand out from the crowd ensuring future success.\u003cbr\u003e\u003cbr\u003eThe list of 10 Steps is quite straight-forward and simple.\u003col\u003e\n\u003cli\u003eHave private, independent rating agencies.\u003c\/li\u003e\n\u003cli\u003eProvide some government safety net but not so much that banks are not held accountable (\"\"Too Big to Fail\"\")\u003c\/li\u003e\n\u003cli\u003eAllow very little government ownership and control of national financial assets.\u003c\/li\u003e\n\u003cli\u003eAllow banks to reduce the volatility of returns by offering a wide-range of services.\u003c\/li\u003e\n\u003cli\u003eRequire financial market players to register and be authorized.\u003c\/li\u003e\n\u003cli\u003eProvide information, including setting standards, to enhance market transparency.\u003c\/li\u003e\n\u003cli\u003eRoutinely examine financial institutions to ensure that the regulatory code is obeyed.\u003c\/li\u003e\n\u003cli\u003eEnforce the code and discipline transgressors.\u003c\/li\u003e\n\u003cli\u003eDevelop policies that keep the regulatory code up to date.\u003c\/li\u003e\n\u003cli\u003eEncourage the creation of specialized financial institutions.\u003c\/li\u003e\n\u003c\/ol\u003e\u003cp\u003eFor each step the reader will find: the legislative and regulatory background on the existing rules; a review of academic research on the theory behind each step; and the facts and data connecting each step to the financial crisis of 2008.\u003c\/p\u003e\u003cbr\u003e\u003cbr\u003e\u003cb\u003eTrade Review\u003c\/b\u003e\u003cbr\u003eIn a time of mind-boggling complexity in financial regulation - too complex, according to Ben Bernanke, for the Federal Reserve System to understand its impact - \u003cem\u003eLessons Not Learned\u003c\/em\u003e is a refreshing call to return to a simpler, more basic approach. Susanne Trimbath emphasizes that the failure to implement regulations, a key factor in the crisis of 2008, remains the system's Achilles heel. This book features a refreshing combination of research grounding and pragmatic experience. A must read for taxpayers and their representatives!\" —Jerry Caprio - Currently: Williams College, William Brough Professor of Economics and Chair, Center for Development Economics. Formerly (1988-2005): The World Bank, Director, Operations and Policy Department, Financial Sector Vice Presidency\u003cbr\u003e\u003cbr\u003e\u003cb\u003eTable of Contents\u003c\/b\u003e\u003cbr\u003e\u003cul\u003e\n\u003cli\u003eAcknowledgements\u003c\/li\u003e\n\u003cli\u003eAbout the author\u003c\/li\u003e\n\u003cli\u003eContents\u003c\/li\u003e\n\u003cli\u003eAbbreviations\u003c\/li\u003e\n\u003cli\u003eTables of authorities\u003c\/li\u003e\n\u003cli\u003eForeword\u003c\/li\u003e\n\u003cli\u003eIntroduction\u003c\/li\u003e\n\u003cli\u003e1.     Updated Regulations\u003c\/li\u003e\n\u003cli\u003e1.1.       Lesson\u003c\/li\u003e\n\u003cli\u003e1.2.       Purpose\u003c\/li\u003e\n\u003cli\u003e1.3.       Theory\u003c\/li\u003e\n\u003cli\u003e1.4.       Practice\u003c\/li\u003e\n\u003cli\u003e1.5.       Connection\u003c\/li\u003e\n\u003cli\u003e1.6.       Conclusion\u003c\/li\u003e\n\u003cli\u003e2.     Registration and Authorisation\u003c\/li\u003e\n\u003cli\u003e2.1.       Lesson\u003c\/li\u003e\n\u003cli\u003e2.2.       Purpose\u003c\/li\u003e\n\u003cli\u003e2.3.       Theory\u003c\/li\u003e\n\u003cli\u003e2.4.       Practice\u003c\/li\u003e\n\u003cli\u003e2.5.       Connection\u003c\/li\u003e\n\u003cli\u003e2.6.       Conclusion\u003c\/li\u003e\n\u003cli\u003e3.     Surveillance and Examinations\u003c\/li\u003e\n\u003cli\u003e3.1.       Lesson\u003c\/li\u003e\n\u003cli\u003e3.2.       Purpose\u003c\/li\u003e\n\u003cli\u003e3.3.       Theory\u003c\/li\u003e\n\u003cli\u003e3.4.       Practice\u003c\/li\u003e\n\u003cli\u003e3.5.       Connection\u003c\/li\u003e\n\u003cli\u003e3.6.       Conclusion\u003c\/li\u003e\n\u003cli\u003e4.     Allowable Diversification\u003c\/li\u003e\n\u003cli\u003e4.1.       Lesson\u003c\/li\u003e\n\u003cli\u003e4.2.       Purpose\u003c\/li\u003e\n\u003cli\u003e4.3.       Theory\u003c\/li\u003e\n\u003cli\u003e4.4.       Practice\u003c\/li\u003e\n\u003cli\u003e4.5.       Connection\u003c\/li\u003e\n\u003cli\u003e4.6.       Conclusion\u003c\/li\u003e\n\u003cli\u003e5.     Independent Monitors\u003c\/li\u003e\n\u003cli\u003e5.1.       Lesson\u003c\/li\u003e\n\u003cli\u003e5.2.       Purpose\u003c\/li\u003e\n\u003cli\u003e5.3.       Theory\u003c\/li\u003e\n\u003cli\u003e5.4.       Practice\u003c\/li\u003e\n\u003cli\u003e5.5.       Connection\u003c\/li\u003e\n\u003cli\u003e5.6.       Conclusion\u003c\/li\u003e\n\u003cli\u003e6.     Information and Standards\u003c\/li\u003e\n\u003cli\u003e6.1.       Lesson\u003c\/li\u003e\n\u003cli\u003e6.2.       Purpose\u003c\/li\u003e\n\u003cli\u003e6.3.       Theory\u003c\/li\u003e\n\u003cli\u003e6.4.       Practice\u003c\/li\u003e\n\u003cli\u003e6.5.       Connection\u003c\/li\u003e\n\u003cli\u003e6.6.       Conclusion\u003c\/li\u003e\n\u003cli\u003e7.     Enforcement and Discipline\u003c\/li\u003e\n\u003cli\u003e7.1.       Lesson\u003c\/li\u003e\n\u003cli\u003e7.2.       Purpose\u003c\/li\u003e\n\u003cli\u003e7.3.       Theory\u003c\/li\u003e\n\u003cli\u003e7.4.       Practice\u003c\/li\u003e\n\u003cli\u003e7.5.       Connection\u003c\/li\u003e\n\u003cli\u003e7.6.       Conclusion\u003c\/li\u003e\n\u003cli\u003e8.     Safety with Accountability\u003c\/li\u003e\n\u003cli\u003e8.1.       Lesson\u003c\/li\u003e\n\u003cli\u003e8.2.       Purpose\u003c\/li\u003e\n\u003cli\u003e8.3.       Theory\u003c\/li\u003e\n\u003cli\u003e8.4.       Practice\u003c\/li\u003e\n\u003cli\u003e8.5.       Connection\u003c\/li\u003e\n\u003cli\u003e8.6.       Conclusion\u003c\/li\u003e\n\u003cli\u003e9.     Private Ownership\u003c\/li\u003e\n\u003cli\u003e9.1.       Lesson\u003c\/li\u003e\n\u003cli\u003e9.2.       Purpose\u003c\/li\u003e\n\u003cli\u003e9.3.       Theory\u003c\/li\u003e\n\u003cli\u003e9.4.       Practice\u003c\/li\u003e\n\u003cli\u003e9.5.       Connection\u003c\/li\u003e\n\u003cli\u003e9.6.       Conclusion\u003c\/li\u003e\n\u003cli\u003e10.       Specialization\u003c\/li\u003e\n\u003cli\u003e10.1.         Lesson\u003c\/li\u003e\n\u003cli\u003e10.2.         Purpose\u003c\/li\u003e\n\u003cli\u003e10.3.         Theory\u003c\/li\u003e\n\u003cli\u003e10.4.         Practice\u003c\/li\u003e\n\u003cli\u003e10.5.         Connection\u003c\/li\u003e\n\u003cli\u003e10.6.         Conclusion\u003c\/li\u003e\n\u003cli\u003e11.       Conclusion\u003c\/li\u003e\n\u003cli\u003e11.1.         Finance is Everywhere\u003c\/li\u003e\n\u003cli\u003e11.2.         No single cause, no single solution\u003c\/li\u003e\n\u003cli\u003e11.3.         Moving Beyond Finance and Economics\u003c\/li\u003e\n\u003cli\u003e11.4.         Where We Are Now\u003c\/li\u003e\n\u003cli\u003e11.5.         Where we could be\u003c\/li\u003e\n\u003cli\u003e11.6.         Epilogue to Individual Investors\u003c\/li\u003e\n\u003cli\u003eAppendices\u003c\/li\u003e\n\u003cli\u003eAppendix 1: Note on the Mathematics of Derivatives\u003c\/li\u003e\n\u003cli\u003eAppendix 2: SROs, Born of the Paperwork Crisis\u003c\/li\u003e\n\u003cli\u003eAppendix 3: Structured Finance\u003c\/li\u003e\n\u003cli\u003eAppendix 4: Who Regulates Banks\u003c\/li\u003e\n\u003cli\u003eAppendix 5: DFA Cross-Reference and Implementation Trackers\u003c\/li\u003e\n\u003cli\u003eAppendix 6: A Collection of Lessons\u003c\/li\u003e\n\u003cli\u003eReferences\u003c\/li\u003e\n\u003cli\u003eIndex\u003c\/li\u003e\n\u003c\/ul\u003e","brand":"Spiramus Press","offers":[{"title":"Default Title","offer_id":50470280823127,"sku":"9781910151242","price":42.75,"currency_code":"GBP","in_stock":true}],"thumbnail_url":"\/\/cdn.shopify.com\/s\/files\/1\/0817\/1739\/5799\/files\/9781910151242.jpg?v=1744897874","url":"https:\/\/bookcurl.com\/products\/lessons-not-learned-10-steps-to-stable-financial-markets-9781910151242","provider":"Book Curl","version":"1.0","type":"link"}