Distrust and uncertainty prevail. No one seems willing, able or ready to coerce or cajole the main players into coming up with a collective solution.
Globalisation, which is blamed as much as hedge funds for causing the economic chaos, is what seems to be holding everyone back.
The "inter-connectedness" which led the Fed to forego moral hazard and rescue Bear Stearns is what also appears to be handcuffing regulators, central banks and the financial sector itself from attempting anything close to
The week on Risk.net, September 8-14, 2018Receive this by email