From England's fourteenth-century default to the United States sub-prime financial crisis, the world has been through many periods of financial turnmoil, exposing the imperfections in the financial systems of various times. Understanding the facts and circumstances surrounding these crises is integral to gaining knowledge into how financial systems work, from which the reader can make more informed decisions in their professional context.
The Hong Kong financial system remained sound during the United States sub-prime financial crisis despite the external-centric nature of its economy. The proper risk management measures applied both by Hong Kong banks and regulators added to the terr1tory's reputation as a well-governed market.
This book offers a well-rounded introduction to the history of major financial crises, the global financial system and risk management. It is accompanied by a study guide, which provides summaries, highlights, illustrations, revision questions and updates for those taking the Hong Kong Institute of Bankers – AHKIB Examination.
"A valuable book coveting economic history, evolvement of the global financial system and latest knowledge in risk management"
--- Dr. Patrick Y.B. Fung, Chairman & Chief Executive,, Wing Hang Bank
Wing Hang Bank Is delighted to sponsor this resourceful book. One of the most established banks In Hong Kong, Wing Hang Bank has served Hong Kong, Mainland China and Macau for over 70 years. The Bank Is reputed for its provision of retail banking, corporate banking and foreign exchange and treasury services.