Introduction: A New World Disorder? The Recurring Crises in Anglo-American Corporate Governance and the Increasing Impact on European Economies and Institutions"

Abstract

The prolonged systemic crisis in international financial markets commencing in 2007/2008 was also a crisis in corporate governance and regulation. The most severe financial disaster sincethe Great Depression of the 1930s exposed the dangers of unregulated financial markets and nominal corporate governance. The crisis originated in Wall Street where de-regulation unleashed highly incentivized investment banks to flood world markets with toxic financial products.