<p> </p><p></p><hr/><strong>FRM 2009 Readings for Current Issues in Financial Markets</strong><p></p><p>Contents:</p><p>1.Gary Gorton, “Information, Liquidity, and the (Ongoing) Panic of 2007,” (January 2009). </p><p>2. Raghuram Rajan, “Has Financial Development Made The World Riskier?” (September 2005). </p><p>3. FSA, “FSA moves to enhance supervision in wake of Northern Rock: Executive Summary.” </p><p>4. Senior Supervisory Group, “Observations on Risk Management Practices during the Recent Market Turbulence,” (March 2008). </p><p>5. John Martin, “A Primer on the Role of Securitization in the Credit Market Crisis of 2007,” (January 2009). </p><p>6. UBS, “Shareholder Report on UBS’s Write‐Downs,” (April 2008). </p><p>7. Andrew G. Haldane, “Why Banks Failed the Stress Test,” (February 2009). </p><p>8. Andrew Lo, “Hedge Funds, Systemic Risk, and the Financial Crisis of 2007‐2008: Written Testimony for the House Oversight Committee Hearing on Hedge Funds,” (November 2008). </p><p></p><hr/><p></p><p></p><br/>