December 2014
Beginner
352 pages
13h 51m
English

Managing risk
1970–2008 Banks in developed countries double the ratio of loans that they issue compared to the value of money they hold.
2002 The Global Executive Forum report on the collapse of the Enron corporation says that “the genius of Enron was infinite leverage.”
2007–08 Increasing numbers of people access credit to finance mortgages, but later default on their loans. Global financial markets collapse.
2013 The UK government forces banks to publish their leverage ratios. Among the highest leveraged is Barclays, which has loans worth 35 times its (equity) capital base.
In 2012, US theoretical physicist Mark Buchanan wrote ...
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