Cerebrovascular accident is a sudden loss of function resulting

Jun 18th, 2015
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California Polytechnic State University-San Luis Obispo
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Cerebrovascular accident is a sudden loss of function resulting from disruption of the blood supply to a part of the brain. Stroke, also called brain attack or ischemic stroke, happens when the arteries leading to the brain are blocked or ruptured. When the brain does not receive the needed oxygen supply, the brain cells begin to die, a stroke can cause paralysis, inability to talk, inability to understand, and other conditions brought on by brain damage.

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THESIS: The current financial crisis both caught the global economy unawares and demonstrated how complex the financial industrys services and products have become. Additionally, the continuing fallout of the crisis shows how the financial industry and its capital flows have created a truly interconnected global economy. Prior to the financial crisis, the Basel II regulatory framework was intended to strengthen the international financial markets by establishing a global financial standard for measuring and addressing risk. The framework sought to accomplish this goal by establishing a more modern approach to identifying and addressing risk in order to keep pace with financial innovation and instruments. In addition to providing more modern qualitative and quantitative metrics for measuring risk, the framework increased capital requirements for banking institutions to ensure the global financial industrys ability to withstand shocks and to promote the safety of the institutions. Despite the high-minded aspirations of the regulators that created the framework, Basel II failed to reach its goal. Moreover, Basel II arguably played a key role in influencing bank behavior that directly led to the financial crisis. Basel II failed to address certain flaws in the transparency and incentive alignment inherent in the financial industry. Basel II also allowed banking institutions to game the system and pursue increasingly risky behavior in order to generate record prof

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