T&R: Why is this recession different?
Guldimann: This one was triggered by banking, on top of consumption excess. The global meltdown reveals two fundamental flaws in the evolution of our financial system: One is a short-term focus with an over-reliance on mark-to-market and modeling, while neglecting liquidity; the other, a regulatory framework and reporting practice that have not kept up with globalization and off-balance-sheet activities. Regulatory changes coming soon will be significant for financial institutions and have lasting effects on treasurers.
T&R: Why did bank stocks drop before other sectors when it's typically the opposite?
Continue Reading for Free
Register and gain access to:
- Thought leadership on regulatory changes, economic trends, corporate success stories, and tactical solutions for treasurers, CFOs, risk managers, controllers, and other finance professionals
- Informative weekly newsletter featuring news, analysis, real-world cas studies, and other critical content
- Educational webcasts, white papers, and ebooks from industry thought leaders
- Critical coverage of the employee benefits and financial advisory markets on our other ALM sites, PropertyCasualty360 and ThinkAdvisor
*May exclude premium content
Already have an account?
Sign In Now
© 2024 ALM Global, LLC, All Rights Reserved. Request academic re-use from www.copyright.com. All other uses, submit a request to [email protected]. For more information visit Asset & Logo Licensing.
