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Systemic Risk, Bank Supervision and Follow-the-Sun Overdraft

In: New Regulation of the Financial Industry

Author

Listed:
  • Dimitris N. Chorafas

Abstract

What makes regulators nervous with systemic risk is the likelihood that failure in one big financial institution, or a segment of the economy, may trigger failure in other banks or industrial sectors. When such failures snowball through the global financial market, there is a domino effect. In September 1998, a LTCM-type bankruptcy would have led to such an avalanche world-wide.

Suggested Citation

  • Dimitris N. Chorafas, 2000. "Systemic Risk, Bank Supervision and Follow-the-Sun Overdraft," Palgrave Macmillan Books, in: New Regulation of the Financial Industry, chapter 3, pages 46-62, Palgrave Macmillan.
    • Handle: RePEc:pal:palchp:978-0-333-97743-9_3
    DOI: 10.1057/9780333977439_3
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