The intention of this study is to resolve the question as to whether the BNP financial organisation has been successful in its attempt to both re-position itself and adapt to the current climate of reinforced legislation and regulations imposed following the recent global credit crisis.
The global credit crises that occurred during 2008-2009, not
only had a devastating effect on national and international
financial markets at the time, it has also continued to
create issues for many of the financial institutions that
operate within this market sector since this time. This
dramatic event precipitate cause a global economic meltdown
during the years in question, a recovery from which, despite
encouraging signals emanating from many national
politicians, still remains slow and tedious for many
countries. Not surprisingly, the ‘credit crunch’ also
had serious consequences, some of which were fatal, for many
of the organisation and institutions operating within the
global financial sector, including banks, insurance and
asset management corporations. This study reviews the
robustness of the changes made at BNP following the crisis.