Lessons from the 2008 Financial Crisis

Lessons from the 2008 Financial Crisis

Closer analysis of the systemic nature of institutions, particularly around their willingness to finance each other, proved to be the trigger to the evaporation of confidence in banks during the crisis. Richard provides his perspective as to why the confidence in banks declined during the historic event, and focuses on Investment Banks, the Repo Market and Special Purpose Vehicles.
Overview

The financial crisis and collapse of the global economy can be traced back to the fundamental distrust of financial institutions. From there, the over-reliance on the repo market and inaccuracy of valuations and models are among our biggest takeaways today.

Key learning objectives:

  • Define the financial crisis

  • Understand how the three ‘nodes’ contributed to collapse

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Summary
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Expert
Richard Boardman

Richard Boardman

Since joining the City as an underwriter, Richard has been fascinated by the connectivity and roles played by various parts of the Square Mile. He spent many years in asset management before moving into banking in various derivatives and solutions roles. Recently, Richard took a year out and worked with Finance Unlocked to spark further fascination and interest in finance.

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