How effective do you think these prevention measures will be? What else would you recommend?

1) You should identify a case involving a financial institutions failure of risk controls. For example, the Bear Stearns MBS Hedge Funds failure in 2007,

2) For the failure, explain what happened, why it happened, and what was the consequence to the institution. Explain what steps have been taken by the institution, or by regulators, to prevent this type of thing from happening again.

3) How effective do you think these prevention measures will be? What else would you recommend?