One big reason the global financial system nearly collapsed in 2008 was that banks had shifted risks into the shadows, relying on insurance-like instruments that proved incapable of absorbing losses.

They’re at it again. It’s a trend that officials should discourage, not endorse.

QOSHE - Banks’ New Trick Won’t Make Their Risks Disappear - The Editorial Board
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Banks’ New Trick Won’t Make Their Risks Disappear

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25.03.2024

One big reason the global financial system nearly collapsed in 2008 was........

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