Beware! Bad banks in operation

Headline: Beware! Bad banks in operation Source: Euromoney Date: September 2000 more on Banking more on central & eastern Europe more from Euromoney September 2000 Bankers and their regulators converging on Prague for the IMF/World Bank meetings this month should be nervous about the vulnerability of the world financial system to attack – not by […]

Headline: Beware! Bad banks in operation
Source: Euromoney
Date: September 2000

more on Banking
more on central & eastern Europe
more from Euromoney September 2000

Bankers and their regulators converging on Prague for the IMF/World Bank meetings this month should be nervous about the vulnerability of the world financial system to attack – not by aliens, hackers or international terrorists but by the shortcomings of thousands of interdependent institutions. Highly correlated and linked financial markets mean contagion can spread in seconds.







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