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Generic Lessons from the Turmoil: What Can We Do Better in the Future?

In: Banking in Turmoil

Author

Listed:
  • Steven I. Davis

Abstract

Our interview process began with the simple catch-all question: what have you learned from the crisis so you can do a better job in the future? The following chapters on risk management and other topics delve more deeply into specific issues, but it is interesting to explore what is top of mind of senior bankers and banking experts as they sort out the lessons of 2007–2009. In addition to summarizing the conclusions of our interviewees on the generic lessons from the turmoil, this chapter provides their detailed comments on the role of the much criticized rating agencies. Chapter 5 on future business models incorporates such reflections on the investor model and role of regulators, two key drivers of these models.

Suggested Citation

  • Steven I. Davis, 2009. "Generic Lessons from the Turmoil: What Can We Do Better in the Future?," Palgrave Macmillan Books, in: Banking in Turmoil, chapter 3, pages 13-21, Palgrave Macmillan.
    • Handle: RePEc:pal:palchp:978-0-230-27506-5_3
    DOI: 10.1057/9780230275065_3
    as

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