Explain the impact of the 2007 financial crisis on the banking sector (focus on Europe, the U.S, and Asia). Explore the method the major banks use torecover from this crisis.

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[EXPLAIN THE IMPACT OF THE 2007 FINANCIAL CRISIS ON THE BANKING SECTOR (FOCUS ON EUROPE, THE U.S, AND ASIA). EXPLORE THE METHOD THE MAJOR BANKS USE TO RECOVER FROM THIS CRISIS]
Table of Contents
Introduction    3
Impact of the 2007 Financial Crisis on the Banking Sector    3
Methods the Major Banks Used to Recover from this Crisis    5
Conclusion    7
References    8
Introduction
The impact of2007 financial crisis on the banking sector focuses on the Europe, U.S. and Asia. According to the various economists of America and Europe, the main reason or culprit of the entire crisis was lack of supervision and financial regulation. In 2007-2008, all the economy was terribly shook by themacroeconomic ensuing recession. The financial crisis of the year 2007-2008 was also meant by the Global Financial Crisis (GFC), which was considering as a severe worldwide financial crisis. In that phase, all the banks were kept going with huge risk taking factors that was combine with the subprime lending market in the united states in the downturn with the bankruptcy on an international banking (Beltran et al. 2019). In 2008, there were unprecedented bailout and different sort of stimulus in which the government were force to provide the necessary funds to the customers in order to make withdrawal their money.On the other side in order to avoid future collapsing and enhance lending, the faith into a commercial papers and treasury bills (Buyl et al. 2019).
Impact of the 2007 Financial Crisis on the Banking Sector
Due to the financial crisis, the building up capital and liquidity buffers enhanced the resilience and banks globally substantially lead to future risks (D'Amato, 2019). The forward-looking basis meant for flowing the supply of credit in both the times whether it is good or bad that increased the stress levels of the particular supervisors and banks for providing the greater resilience(Heinemann, 2016).The evidences, which were based on the qualitative factor that indicates the banks have kept considerably, improved their risk management activities along with their internal practices. In context these are the changes or updates that considers as hard to resist and assess for improving the important scopes in order to the astonish uncertainties for the future evolution (Ho, 2018).
On the other side in the case of cooperative banks, they kept assessing the structural modification on the particular system for wide stability and theyare harder than the previous one for complex interactions (Huy, 2018).The public authorities and the reform process had a same objective was to fluctuate the number of changes pattern in the banks. In order to maintain the reform process the banks have to become more focused on the global level for their internal strategy that leads to intermediate their international locally claims (Kuppuswamy & Villalonga, 2016). There were a vast decline in the direct connections between the banks through the derivative as well as lending exposures and other than that, some European banks which considered as high capacity of assets indulge with the consolidation. A range of other types of reforms is that the effect of the business model diversity came from the reallocation ofseveral banks in context with commercial banks (Mei-ling& Zheng, 2019). By a more stable fund resources there were a shift that consider as a deposit and the rest further progress were depend on the recovery frameworks and resolution.
The certain sort of provision of bank that lending to the real economy is that the trends in the bank for intermediate credit purposes have uneven at any time across the countries over time that aims to reflecting the possibilities in their particular credit overhang and crisis experience (Nicol, 2018).The credit declining activity is important for the particular economic activity than could burnt or remove of various sort of crisis and despite of that most of the countries continues to focus on financial growth in order to provide the loans to their customer.
Apart from the regular banking practices, the international banking was one of the foremost areas that were affected very much by the crisis (Olson & Zoubi, 2017). The aggregate foreign banks that claim to show an important decline from the crisis that was driven by the banks particularly. On the other side the advanced economies also came into picture and show the report of those banks whoever are very much affected by the particular crisis and according to the list the from some part of the Europeancountries that was affected. In order to tackle the problem, there were a certain sort of highlights for the post crisis banking sector...