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So That's Operational Risk! (How Operational Risk in Mortgage-Backed Securities Almost Destroyed the World?s Financial Markets and What We Can Do About It)

So That's Operational Risk! (How Operational Risk in Mortgage-Backed Securities Almost Destroyed the World?s Financial Markets and What We Can Do About It)

Paperback (01 Jan 2015)

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Publisher's Synopsis

We describe the economic crisis that began in the U.S. mortgage market in late 2006 as a consequence of cascading operational failures linked to the securitization process. Operational risks including mortgage fraud, negligent underwriting standards and failed due diligence combined with modern finance to initiate a nearly catastrophic crisis in financial markets and a painful recession.

Book information

ISBN: 9781505375879
Publisher: On Demand Publishing, LLC-Create Space
Imprint: Createspace
Pub date:
Language: English
Number of pages: 56
Weight: 154g
Height: 279mm
Width: 216mm
Spine width: 3mm