ABSTRACT:– The last global financial and economic crisis began a decade ago, taking place in the middle of the banking sector of the United States of America (USA), which rapidly expanded to the entire world financial system. This crisis has come to bare gaps in regulation and supervision and flaws in internal controls, as well as an excessive takeover of risks by banks. As a result of inadequate risk management policy, several banks have either failed or been ransomed by their governments and financial markets have come to suffer strong tensions of confidence from their economic agents. Thus, from this financial crisis we have important lessons to be learned and so the central objective of this article is to understand its origins and reflect on its consequences.

Keywords: crisis; banks; risks; failures; financial markets