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Central bankers call for action to tackle potential contagion in the global financial infrastructure
04.06.08 - 17:57 ... source : Bank for International Settlements (BIS)
... 4 June 2008 In a report published today by the Committee on Payment and Settlement Systems (CPSS), central bankers recommend a number of actions to address the risk-transmission channels brought by system interdependencies. The report, The interdependencies of payment and settlement systems, raises concern that the speed and multiplicity of potential disruption channels across the global payment system are not adequately reflected in stress-tests, risk controls, contingency funding plans, and crisis management procedures.The report documents how globalisation and other long-term developments have ...» Next (HTML)
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