The Subprime Crisis: Some Lessons for Financial Supervisors

39 Pages Posted: 7 Jun 2019

See all articles by Fernando Restoy

Fernando Restoy

Comisión Nacional del Mercado de Valores (CNMV)

Date Written: 2008

Abstract

The recent market turmoil following the crisis of sub-prime mortgages in the US has provided rich evidence of serious deficiencies in the world financial system. This paper provides some elements for reflection on how to address them. The issues analysed in the paper are classified around four key words: transparency, credit rating agencies, liquidity and supervisory arrangements.

Suggested Citation

Restoy, Fernando, The Subprime Crisis: Some Lessons for Financial Supervisors (2008). CNMV Working Paper No. 31, 2008, Available at SSRN: https://ssrn.com/abstract=3400110 or http://dx.doi.org/10.2139/ssrn.3400110

Fernando Restoy (Contact Author)

Comisión Nacional del Mercado de Valores (CNMV) ( email )

C/ Miguel Ángel, 11
Madrid, Madrid 28010
Spain

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