What caused the financial crisis? Does anyone actually know? Was it lack of regulation or de-regulation? Or, was it lack of understanding of the significance and the complexity of the securitisation markets?
The European Commission found that retail investors will often enter into investments without fully comprehending the associated costs and risks.
This post was written by Philip Stinson, a London-based analyst in Axioma’s Reporting Solutions team. He is primarily responsible for completing periodic filings and servicing clients globally.
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