Deciphering the Liquidity and Credit Crunch 2007-2008 (FRM Part 1 – Book 1 – Chapter 7) скачать в хорошем качестве

Deciphering the Liquidity and Credit Crunch 2007-2008 (FRM Part 1 – Book 1 – Chapter 7)

Understand the 2007–2008 Liquidity and Credit Crunch (FRM Part 1 – Book 1, Chapter 7). In this lesson you will: Identify the drivers of the lending boom and the liquidity squeeze See how securitization, tranching, and ratings distorted risk Distinguish funding vs. market liquidity risk Review the repo market, LIBOR, and the TED spread Walk through key events involving Bear Stearns, monoline insurers, and central bank actions For FRM (Part I & Part II) video lessons, study notes, question banks, mock exams, and formula sheets covering all chapters of the FRM syllabus, click on the following link: https://analystprep.com/shop/unlimite... AnalystPrep is a GARP-Approved Exam Preparation Provider for FRM Exams After completing this reading you should be able to: Describe the key factors that contributed to the lending boom housing frenzy. Explain the banking industry trends leading up to the financial crisis and assess the triggers for the liquidity crisis. Describe how securitized and structured products were used by investor groups and describe the consequences of their increased use. Describe the economic mechanisms through which the mortgage crisis amplified into a financial crisis. Distinguish between funding liquidity and market liquidity and explain how the evaporation of liquidity can lead to a financial crisis. Analyze how an increase in counterparty credit risk can generate additional funding needs and possible systemic risk. 0:00 Introduction 0:42 Learning Objectives After completing this reading you should be able to 1:41 What's a credit boom? 3:50 What happened in the lead up to the 2007/2008 financial crisis? 7:19 The Trends of Banking Industry Leading up to the Liquidity Squeeze 9:28 Securitization: Credit Protection, Pooling, and Tranching Risk 17:19 Funding Liquidity Risk versus Market Liquidity Risk 19:36 More Problems: Maturity Mismatch 21:29 Consequences: Cheap Credit and the Housing Boom 24:03 The Unfolding of the Crisis: Events Logbook 25:41 Asset-Backed Commercial Paper 26:40 More on Repo, Libor, and Federal Fund Markets 29:22 Continuing Write-Downs of Mortgage-related Securities 31:08 The Monoline Insurers 32:07 Notable Losers: Bear Stearns 33:54 Notable Losers: Government-Sponsored Enterprises 34:10 Central Banks Step Forward 34:52 Book 1 - Foundations of risk management Chapter 7 #FRM #RiskManagement #LiquidityCrisis #CreditCrunch #FinancialCrisis #GARP #Securitization #AnalystPrep