4 ms·
I work in finance. We learned a ton from 2008. The amount of new regulation and oversight that came as a result is insane. We will learn from 2020 too.
by mynegation 7y ago
I work in finance. We learned a ton from 2008. The amount of new regulation and oversight that came as a result is insane.
We will learn from 2020 too.
- eachro 7y agoDoes the added regulation, oversight help prevent the problems that led to the 08 crisis? Also curious to know what/how these learnings manifest themselves outside of goverment imposed regulations.
- mynegation 7y agoYes, that is kind of a point. Outside of regulation the learnings manifest themselves in models that better capture tail, correlation, and liquidity risks.
- TacoToni 7y agoI'm in finance as well. The regulation is overwhelming. i always feel like i'm working on something for external auditors instead of driving value and savings for the company. It is tiresome.