Bringing down the house

The deeper you delve into the causes of the US subprime mortgage crisis – or market "correction" as some prefer to call it – the more convinced you become that operational risk problems were a central factor. Even though credit risk issues play a significant role, the fact that operational risk processes and procedures were relaxed or manipulated certainly contributed to the scale of the problem.

Subprime mortgages are loans secured on real estate offered to consumers with low credit scores

Only users who have a paid subscription or are part of a corporate subscription are able to print or copy content.

To access these options, along with all other subscription benefits, please contact [email protected] or view our subscription options here: http://subscriptions.risk.net/subscribe

You are currently unable to copy this content. Please contact [email protected] to find out more.

To continue reading...

You need to sign in to use this feature. If you don’t have a Risk.net account, please register for a trial.

Sign in
You are currently on corporate access.

To use this feature you will need an individual account. If you have one already please sign in.

Sign in.

Alternatively you can request an individual account here: