All of the following were contributory causes of the banking crisis of 2008 (the 'credit...

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Product: BA1
Update on: Jul 28, 2025
Questions: 468

CIMA BA1 Question Answer

All of the following were contributory causes of the banking crisis of 2008 (the 'credit crunch') except one. Which ONE is the exception?

Large scale default in the in the US sub-prime mortgage market

Over- capitalization of commercial and investment banks

The bundling of mortgages into collateralized debt obligations which were sold onto banks

Erroneous credit rating of collateralized debt obligations by credit rating agencies

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