Heart of darkness

Failure of governance has played a massive part in the current financial meltdown, suggests Karina Litvack

As the collapse of sub-prime mortgages has triggered a crisis that has ripped through the financial sector, markets and investors have been left battered and bruised by a series of exceptional and seismic shocks throughout 2008. The financial crisis has now spread far and wide through the global economy and investors are asking themselves what went wrong and just why the market failed to respond to the many warning signals. It is still too early to gauge just how deep and enduring the damage from this crisis will be, with many industry experts unable to state with any conviction that the ...