Compliance, Legislative & Regulatory Standards

Global Financial Crisis


The global financial crisis represents a watershed event in financial markets. Problems originating in one local market (US subprime lending) set off a train of events that ultimately led to the need for concerted action by central banks and governments to prevent the complete collapse of the global financial system. This eCourse describes the unfolding of this historic event, from the development of the crisis in the US to its spread across global markets and institutions. It also looks at how the authorities responded and the lessons to be learned for future generations.


On completion of this course, you will be able to:
- Identify the magnitude of the crisis as emphasised by the number and type of institutions, markets, and countries affected
- Recognise the causes of the crisis and the series of actions and events that created an operating environment within which many institutions would eventually run into difficulties
- Identify the consequences of the crisis and the impact that regulatory changes such as Basel III have had on banks’ business strategies


Global Financial Crisis – Causes, Impact, & Legacy
Topic 1: Crisis Background & Timeline
Topic 2: Causes of the Crisis
Topic 3: Consequences & Legacy of the Crisis


Relevant Subject
Type 1 - Dealing in securities
Type 2 - Dealing in futures contracts
Type 3 - Leveraged foreign exchange trading
Type 4 - Advising on securities
Type 5 - Advising on futures contracts
Type 6 - Advising on corporate finance
Type 7 - Providing automated trading services
Type 8 - Securities margin financing
Type 9 - Asset management
Type 10 - Providing credit rating services
Type 11 - Dealing in OTC derivative products or advising on OTC derivative products
Type 12 - Providing client clearing services for OTC derivative transactions
SFC:1.00, PWMA:1.00
All Member: HK$305
Staff of Corporate Member: HK$305
Non-Member: HK$445