Explanations

10 Years on from the Financial Crash - how stable is the system?

Jonny Clark

3rd July 2017

Here's a nice, short video from the Financial Stability Board that explains what regulations are being put in place to reduce the chances of a Financial Crash happening again (thanks to Dan Nixon at the BoE for forwarding this link). In short, how is our financial system now safer, simpler and fairer?

The FSB was created in 2009 to oversea and advise the G20 nations on how they should regulate and monitor the financial markets to reduce the chances of another global economic meltdown occurring again in the same way - i.e. that banks and financial institutions operate in a way that is so risky that they are unable to withstand the shocks that may occur and require government bailouts.

The video here is just over 4 minutes long and is accessible.  Shorter excerpts are available from this link.

Jonny Clark

Jon Clark has been teaching economics and business studies for over 25 years primarily in the Further Education sector. Before joining tutor2u, he was a senior manager at South Cheshire College in Crewe.

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