Live Breaking News & Updates on Central Bankers Club

Recognized names in swiss banking. He is now vicechairman of blackrock, the worlds biggest money manager, which handles more than 5 trillion in assets. After 10 years from the financial crisis, what have we learned . Philipp we had too much leverage in the system without any doubt. And that when you have leverage, bad things happen. Not only do they happen, but when they happen, the effects tend to be amplified. I think that is the key takeaway roommate all. We have also learned that this notion of kind of letting the market be totally free, that governments really should get out of the way, that wasnt a very good idea. What stands out is banks needed much, much more capital than they had at the time. We had capital levels that were excessively low. I mean in some cases, these , banks were leveraged nearly 100 times. And that, to me, has always been the key takeaway. In some some case ways i wish we had focused more on the capital issue and less on all of the many other things that hav ....

New York , United States , Wifi Francine , Thomas Jordan , Philipp Hildebrand , Ronald Reagan , Key Takeaway , Regulatory Reform , Global Labor , Global Supply , Good News , Monetary Policy , Central Banks , Global Outlook , Interest Rates , Larry Fink , Hedge Fund , Central Bankers Club , Bankers Club , Years Later , Mervyn King , Bank Study , Hedge Fund Manager , Fund Manager , Community Central , Community Central Banks ,