Alles, L. A2022-01-182022-01-182010-01-15Alles, Lakshman, The Global Financial Crisis and Pro-Cyclical Instability Issues of Financial Institutions: The Post-Crisis Responses (January 14, 2010). Finance and Corporate Governance Conference 2010 Paper, Available at SSRN: https://ssrn.com/abstract=1536391 or http://dx.doi.org/10.2139/ssrn.1536391https://rda.sliit.lk/handle/123456789/702Key factors identified as contributing to the global financial crisis included the roles of financial accounting policies and credit rating agencies, and the combination of these factors in producing a continuing pro-cyclical destabilising effect on financial institutions. This article examines the progress made so far or the lack of it, in addressing these issues in the post-crisis period.enGlobal financial crisisFinancial Institutions stabilityFair value accountingFinancial reformArticlehttp://dx.doi.org/10.2139/ssrn.1536391