Better data needed to regulate markets
Please read this article online about what resulted in the collapse of the Lehman bank in September 2008.
Stopping at the sentence ‘The bill would create an independent Office of Financial Research (OFR) housed in the Treasury Department’, can you put these summaries of points in the order in which they occur in the article?
A Certain key facts about the size of debts were not revealed until the last minute in decision-making.
B Data and analyses proved deficient when global markets faced critical problems recently.
C There now exist crucial facts and strategies to equip those reponsible for financial policies and regulations to draw up a response in times of crisis.
D Neither the extent of organisations’ involvement in a failing bank was known, nor was the extent of the interdependence of associated businesses.
E No-one had the facts at their fingertips which would have enabled them to see the bigger picture.
F Countries cannot prosper without their economies being stable and efficient.