GLOBALIZATION

After the Crash: The Future of Globalization

After the Crash: The Future of Globalization

A need arises for a more transparent financial system, as financial crisis effects are still being felt. Most importantly national governments and banks are being forced to modify their balance sheets, as it has been felt that the ratio between assets and liabilities is getting out of hand. Banks shall not be willing to provide risky loans; otherwise it will be difficult to recover the amounts. There is a need for more regulation as compared to before. More stringent prudential regulations have been brought into the banking system, which ...