Abstract
The global financial crisis of 2007–2009 was associated with an unprecedented degree of financial and economic damage. For investors and financial intermediaries, the estimates seem to have risen to over $4 trillion or so worldwide by the time things began to stabilize, according to the International Monetary Fund (2009). Along with the financial damage has come substantial reputational damage for the financial services industry, for financial intermediaries and asset managers, and for individuals.
Acknowledgements: The author is grateful for helpful comments by John Boatright and Ed Hartmann on earlier drafts of this chapter, which draws on ‘Reputational Risk and the Financial Crisis’, in John R. Boatright, Business Ethics, (ed.), London: John Wiley & Sons, 2010.
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Walter, I. (2013). Reputational Risk and the Financial Crisis. In: Pinedo, M., Walter, I. (eds) Global Asset Management. Palgrave Macmillan, London. https://doi.org/10.1057/9781137328878_10
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DOI: https://doi.org/10.1057/9781137328878_10
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