Transcription of Basel III & its implications - IIBF
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Basel III & its implications - IIBF
1 Bank financial management additional reading material module D Basel III & its implications Introduction: John Kenneth Galbraith, famous Harvard economist and the US ambassador to India during Kennedy s administration wrote: All financial crises are the result of debt that, in one fashion or another, has become dangerously out of scale . This was clearly demonstrated in the financial crisis which took place in the US in 2008. Aggressive lending characterized by sub-prime housing loans and excessive leverage in major banks and financial institutions led to the most serious financial challenge since the Great Depression of 1930s.
1 Bank Financial Management – Additional Reading Material Module D Basel III & its implications Introduction: John Kenneth Galbraith, famous Harvard economist and the US ambassador to India
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