Summary of Coping with a Still-Fragile Global Finance System

Looking for the video?
We have the summary! Get the key insights in just 5 minutes.

Coping with a Still-Fragile Global Finance System  summary
Start getting smarter:
or see our plans

Rating

7 Overall

8 Importance

7 Innovation

7 Style


Recommendation

According to economics journalist Martin Wolf, the global financial system stands on shaky ground, despite a plethora of post–financial crisis reforms aimed at propping it up. In this frank interview with Boston Consulting Group chairman Hans-Paul Bürkner, Wolf offers his astute opinion on the enduring weakness of the global financial system. Though always politically neutral, getAbstract appreciates Wolf’s reminder of the importance of remaining alert to future crises. Investors, policy makers and industry professionals ought to prepare themselves accordingly.

In this summary, you will learn

  • Why the financial system, despite numerous remedial reforms following the 2008 crisis, is still fragile;
  • What factors contribute to this fragility; and
  • What shifts are necessary to create a sound financial environment.
 

About the Speakers

Economics journalist Martin Wolf is the associate editor and chief economics commentator at the Financial Times. Hans-Paul Bürkner is chairman of the Boston Consulting Group.

 

Summary

Despite the spate of reforms that followed the 2008 global financial crisis, economies remain fragile. The financial sector exhibits a leverage ratio of 25-to-1, which leaves little wiggle room to absorb losses. While banks use “intelligent...

More on this topic

By the same authors

The Transformations That Work – and Why
The Transformations That Work – and Why
8
The Shifts and the Shocks
The Shifts and the Shocks
7
There's No Such Thing as Corporate DNA
There's No Such Thing as Corporate DNA
6
Fixing Global Finance
Fixing Global Finance
8
Why Globalization Works
Why Globalization Works
6

Customers who read this summary also read

And the Weak Suffer What They Must?
And the Weak Suffer What They Must?
8
The Forgotten History of the Financial Crisis
The Forgotten History of the Financial Crisis
9
State Transformation and the European Integration Project
State Transformation and the European Integration Project
7
Global Finance Resets
Global Finance Resets
9
Breaking the Wall of Global Economic Crises
Breaking the Wall of Global Economic Crises
8
What happened to global banking after the crisis?
What happened to global banking after the crisis?
7

Related Channels

Comment on this summary