History of the World Largest Financial Losses in 1972-2018

Deregulation is often claimed to be the cause for financial distress. Thus it has to lead to financial defaults and losses. However, exact dependence is not clear. To verify it we tried to investigate the roots of world largest financial losses. As we found no source to extensively and completely cover those, we decided to prepare a data set of our own. By choosing a round threshold of USD 100m equivalent of loss amount as of announcement date, we arrived at the set of 117 defaults with total loss of USD 914bn in 46 years. Our key purpose is to make comprehend data set of largest losses.