英语论文网

节选  Financial crisis of 2007-2010
Introduction
With the trend of globalization increases, international economic imbalances will lead to international capital in the global context of reconfiguration. Following a period of economic boom, a financial bubble—global in scope—has now burst— the global financial crisis.

What happened
The US sub-prime mortgage crisis has led to plunging property prices, a slowdown in the US economy, and billions in losses by banks.
BNP Paribas is one of the largest global banking groups in the world. Although the BNP Paribas is affected by the financial crisis smaller than other banks, the bank and the banking system are still hit by the global crisis. “BNP Paribas (FR:GLE 44.04, +0.40, +0.91%) shares fell 2.1% after France's biggest bank announced fourth-quarter profit would fall around 42% to 1 billion euros ($1.47 billion). It described the current conditions as a ‘deepening crisis’ for the sector.” “The bank took a 589 million euro write-down on its exposure to monoline insurers and also said the credit crisis had increased its cost of risk by 309 million euros.”【1】

Why
The global financial crisis, brewing for a while, really started to show its effects in the middle of 2007 and into 2008. The causes of the financial crisis involving the United States consumption patterns, financial regulatory policy, the mode of financial institutions operation, as well as the United States and the world's economic structure and other factors.

How given we had regulation to control risk
Before the crisis, the BCBS had began review the liquidity-risk management and supervision, However, market and liquidity is the core issue of the credit crisis, to give greater priority to this work. Our aim is to strengthen liquidity risk management and supervision of standards.【14】

Restoring confidence
Public authorities, executive branches, and central banks must do all they can to restore, preserve and foster confidence among households and corporations in order to pave the way for sustainable prosperity.
The governments to announce a number of measures that to protect people's savings amid the financial crisis. The first measure announced the government increasing the amount of bank deposits guaranteed from £35,000 to £50,000. The latest move guaranteed the UK savers' deposits at Icelandic internet bank Icesave.

Conclusion
The crisis rapidly developed and spread into a global economic shock, resulting in a number of European bank failures, declines in various stock indexes, and large reductions in the market value of equities and commodities.

Reference
1. UBS, BNP Paribas reveal fresh hits from credit crisis,，Simon Kennedy, 2008，https://www.marketwatch.com/story/ubs-bnp-paribas-report-more-hits-from-credit-crisis
2. Michael Grynbaum (2008-09-15). "Wall St.’s Turmoil Sends Stocks Reeling". The New York Times. https://www.nytimes.com/2008/09/16/business/worldbusiness/16markets.html?hp. Retrieved 2008-09-15.
3. EU approves RBS restructuring plan, Yan, 2009-12-15, www.chinaview.cn https://news.xinhuanet.com/english/2009-12/15/content_12646946.htm
4. Financial crisis of 2007–2010, https://en.wikipedia.org/wiki/Financial_crisis_of_2007%E2%80%93201 留学生论文https://www.51lunwen.org/
5．The Surge in U.S. Personal Bankruptcies, Foreclosures and Job Losses, Bob 本论文由英语论文网提供整理，提供论文代写，英语论文代写，代写论文，代写英语论文，代写留学生论文，代写英文论文，留学生论文代写相关核心关键词搜索。