The Financial Crisis: Reform and Exit Strategies: “The financial crisis left major banks crippled by toxic assets and short of capital, while lenders became less willing to finance business and private projects. The immediate and potential impacts on the banking system and the real economy lead governments to intervene massively. These interventions helped to avoid systemic collapse and stabilise the global financial system. This book analyses the steps policy makers now have to take to devise exit strategies from bailout programmes and emergency measures. The agenda includes reform of financial governance to ensure a healthier balance between risk and reward, and restoring public confidence in financial markets. The challenges are enormous, but if governments fail to meet them, their exit strategies could lead to the next crisis.”