Abstract
The global financial crisis of 2007-2009 illustrated the dependence of the overall stability of financial system and economy on the health of banks. Since banking is inherently risky, the ability to manage risk and associated exposures to losses plays an important role in the health of these banks. The financial crisis highlighted the shortcomings in risk management at banks which arguably contributed to the severity of the recession through the large losses resulting from the riskiness of loans and other investments...
M.Com. (Financial Economics)