Credit-rating agencies underestimated risks
Credit rating agencies failed to appreicate and state the true nature and scale of the risks faced by the insititutions they were rating.
Immediately related elementsHow this works
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The Global Financial Crisis Â»The Global Financial Crisis
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Immediate triggers of the financial crisis? Â»Immediate triggers of the financial crisis?
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Pathology in the Credit Default Swaps market Â»Pathology in the Credit Default Swaps market
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Complex financial instruments that few understood Â»Complex financial instruments that few understood
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Credit-rating agencies underestimated risks
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Human cognitive biases Â»Human cognitive biases
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