systemic risk

Could a Cyber Attack Cause a Systemic Impact in the Financial Sector?

There is not a uniform view of the link between cyber risk and systemic risk: some assume a direct link whereas others query the connection. Beyond nation states, the vast majority of independent cyber attackers are currently unlikely to have the …

Warnings Unheeded

There were many warnings portending the Great Financial Crisis (GFC). Filtering by strict admissibility criteria -- (i) direct, (ii) explicit, (iii) credible, and (iv) documented -- we identify no fewer than 24 warnings between 2000 and April 2007. …