The global financial crisis of 2007-2009 highlighted the importance of taking into consideration a bank's exposure to market risk that arise from changes in interest rates,security prices,and currency.

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The statement is true. During the global financial crisis, many banks suffered significant losses due to their exposure to market risk, particularly related to changes in interest rates and security prices. This led to increased regulatory focus on measuring and managing market risk in the banking sector.

The Global Financial Crisis of 2007-2009 Highlighted the Importance of Taking