Basel, October 2009 

The Senior Supervisors Group (SSG) has published an excellent report which conveys the Risk Management Lessons from the Global Banking Crisis of 2008, a report that reviews in depth the funding and liquidity issues central to the recent crisis and explores critical areas of risk management practice warranting improvement across the financial services industry. 

This report is a companion and successor to our first report, Observations on Risk Management Practices during the Recent Market Turbulence, issued in March 2008.

In the attached report, we identify various other deficiencies in the governance, firm management, risk management, and internal control programs that contributed to, or were revealed by, the financial and banking crisis of 2008.

Attachments:

SSG report

1176 Kb