The Center Ground: CCPs Could Shift—Not Eliminate—Systemic Risk

esma-steven-maijoor
Steven Maijoor, ESMA

If there is one phrase that defines the financial crisis and its aftermath in years to come, it will be “systemic risk.” If you were to look up the term in the dictionary 50 years from now, it would probably be illustrated with the Lehman Brothers logo. The collapse of Lehman, along with Bear Sterns, sent shockwaves through the global economy, the aftereffects of which are still taking shape today. Regulators swung into action following the credit crunch and the subsequent crisis, legislating

Only users who have a paid subscription or are part of a corporate subscription are able to print or copy content.

To access these options, along with all other subscription benefits, please contact info@waterstechnology.com or view our subscription options here: http://subscriptions.waterstechnology.com/subscribe

You are currently unable to copy this content. Please contact info@waterstechnology.com to find out more.

Sorry, our subscription options are not loading right now

Please try again later. Get in touch with our customer services team if this issue persists.

New to Waterstechnology? View our subscription options