Looking forward - What should we be thinking about to be better prepared for the next...

90.2K

Verified Solution

Question

Finance

Looking forward - What should we be thinking about to bebetter prepared for the next financial crisis? Consider what kindsof actions, education, awareness, accountability, transparency,oversight or regulations should be implemented now. Consider howthe following groups (i.e. financial institutions, government,central banks, households, businesses) could better takeresponsibility in reducing their own risks and/or the overallfinancial market risks. Finally, when do you think we will we haveanother financial crisis (i.e. approximate date), and what mightcause the crisis?

Answer & Explanation Solved by verified expert

4.0 Ratings (416 Votes)

Its been a decade now from the last financial crisis and now seeing the progress that we have made so far we can say we are safe but not fully There are many things in many scenarios where we could still do something in order to avoid the next financial crisisFollowing are those 1 Recovering from and avoiding white Collar crime There many persons who have done forgery in finance and are involved in many billion dollar scams Government should be have a close eye on their activities and in case the scams are highlighted then See Answer

Get Answers to Unlimited Questions

Join us to gain access to millions of questions and expert answers. Enjoy exclusive benefits tailored just for you!

Membership Benefits:

Unlimited Question Access with detailed Answers
Zin AI - 3 Million Words
10 Dall-E 3 Images
20 Plot Generations
Conversation with Dialogue Memory
No Ads, Ever!
Access to Our Best AI Platform: Flex AI - Your personal assistant for all your inquiries!

Become a Member

Transcribed Image Text

Looking forward - What should we be thinking about to bebetter prepared for the next financial crisis? Consider what kindsof actions, education, awareness, accountability, transparency,oversight or regulations should be implemented now. Consider howthe following groups (i.e. financial institutions, government,central banks, households, businesses) could better takeresponsibility in reducing their own risks and/or the overallfinancial market risks. Finally, when do you think we will we haveanother financial crisis (i.e. approximate date), and what mightcause the crisis?