“The modern financial system is highly interconnected. Institutions engage in a diverse range of transactions and contracts with each other. Examples include the interbank lending market and the over-the-counter derivatives market. Interconnections facilitate risk sharing among institutions, but they also allow risks to be propagated from one institution to many others …” (more)
[Jessie Jiaxu Wang, Oxford Business Law Blog, 10 October]
First posted 2016-10-10 13:32:48
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