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When profits are privatize and losses socialize

When profits are privatize and losses socialize

Tags:
  financial crisis  governance risk compliance  government regulators  Software AG  standardization

By Allan Tan | Mar 10, 2010

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Rudolf Gunz, head of global competency centre, SWIFT and Banking Solutions at SAG Software System, discusses the financial crisis of 2008-2009 and its impact to the global market. He cites how regulators have failed to curve the excesses of the industry resulting in the failure cascading to all sectors of the market. He explains his view of profits are privatize but losses are socialize.

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