Assignment questions

As  a  starting point,  carefully read  “Goldman  Sachs: Anchoring Standards After The Financial Crisis” (see URL on Blackboard under “Assessment\Assignment”). Please use this case as a background, together with your reading and understanding of the lecture/textbook and other publications from acadamic journals, to carefully develop your answers to the four questions listed below:

1.   What were the major factors that led to the 2007/2008 financial crisis?            [10 marks]

2.   If you were Lloyd Blankfein, how would you characterize the problem that the BSC aimed to solve?                                                                                                             [20 marks]

3.   Do you  think that what  the BSC has  done will  solve  the problem? What has been addressed? And what has gone unaddressed?                                                    [30 marks]

4.   How would you sustain strong business standards over the long-term?            [30 marks]

The remaining 10 marks out of possible total 100 marks will be allocated to the quality of references used and formatting.

Two submission links

You are required to submit your assignment in “pdf” file two times. The deadline for submissions is 10 October 2022 at 2:00pm

Link 1. Upload your file to the link named “Assignment Similarity Report”          Link 2. Upload your file to the link named “Assignment Blackboard Submission”

Please note that Link 1 is for checking similarity between your assignment and others while Link 2 is for marking your assignment. Your assignment will only be marked if the marker can find your assignment work in both Link 1 and Link 2.

Submission format

The length of your submission should be 8 to 10 pages of text excluding list of references, and figures and tables that may be placed after the list of references. Use 1.5 line spacing, 11 font size ‘Times New Roman’, ‘Normal’ margins, justified paragraphs and page numbering in the bottom right-hand side (similar to this document). Please insert your full name (family name entered last in capital letters) and eight-digit student number as a header on every page of your submission (see the sample header of this document).

Your submission file must be in “pdf” format and name with your first name, last name, and student ID (FIRST_LAST_STUDENT ID). For example, the first name of the student is Lily and the surname of the student is Nguyen, her student ID is 12345678, then the submission file should be named as: LILY_NGUYEN_12345678

As a rule of thumb, using shorterparagraphs or sentences improve readability. Footnotes should be kept to a minimum. An introduction and conclusion are needed in your answer to each question (except  question  #  1) but not  for  the  overall  submission  (see  assessment rubric posted  on Blackboard under Assessment). Please make sure we can clearly follow where one section ends and the other begins, i.e. use sub-headings to guide the reader. The sub-headings corresponding to the aforementioned four questions in the write-up that should be used are:

(i)         Major factors causing the 2007/2008 financial crisis (ii)        Problem, recommendations and BSC

(iii)       BSC’s recommendations accomplished, unaccomplished and action plan (iv)       Sustain BSC’s accomplishments

Further helpful guidelines for scoring marks on your assignment

    There  could  be more  than  one  answer  acceptable  to  the  examiners. However,  it is your

responsibility to clearly defend your answers in a coherent manner in your written submission. That is, providing vague comments or disjointed arguments are not acceptable answers. Similarly, any jargon or acronym should be followed by a brief definition or explanation when first used, e.g. shadow banking, repos, ABS or OFC.

    Once again, you need to pay close attention to your arguments being coherent from one

question to the next. A better approach is to address both sides of an argument (i.e. pros and cons), and either stop there, or if you feel strongly about taking a position, clarify why you are doing so. Once again, as long as your arguments are presented coherently, either approach would be acceptable for assessment purposes.