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10 Years On From The Financial Crisis, The Banks Are Still The Masters Of The Universe

Youssef El-Gingihy @ElGingihy

In 2006, only one year before the financial meltdown, Chairman of the Federal Reserve Ben Bernanke could breezily say:-

“The management of market risk and credit risk has become increasingly sophisticated… Banking organizations of all sizes have made substantial strides over the past two decades in their ability to…