“The more interesting point is whether it is accidental that all the German banks in trouble are essentially publicly owned. [...] The episode tells us, once again, that Germany has too many banks, and in fact, too many bankers. Most of the supervisory board members of these institutions are themselves financially illiterate and do not fully understand the ins and out of investments in new financial instruments, such as CDOs or CDS. They have failed to implement proper risk management systems something which a private bank could ill afford.” [Münchau (2008)]
Subprime Crisis and Board (In-)Competence: Private vs. Public Banks in Germany
Published 2009 in Social Science Research Network
ABSTRACT
PUBLICATION RECORD
- Publication year
2009
- Venue
Social Science Research Network
- Publication date
Unknown publication date
- Fields of study
Not labeled
- Identifiers
- External record
- Source metadata
Semantic Scholar
CITATION MAP
EXTRACTION MAP
CLAIMS
- No claims are published for this paper.
CONCEPTS
- No concepts are published for this paper.
REFERENCES
Showing 1-76 of 76 references · Page 1 of 1