All dried up

Liquidity risk


Risk models have suggested that August's liquidity crisis sparked the kind of market events that come along once every hundred thousand years or so. Those conclusions have been widely derided. The only thing Michael Reuther - a member of Commerzbank's executive board - is certain of is that he has seen nothing like it in his 20 years in the banking industry: "The interbank market and swaths of the fixed-income market dried up. At the same time, even the riskier portions of equity markets

Only users who have a paid subscription or are part of a corporate subscription are able to print or copy content.

To access these options, along with all other subscription benefits, please contact [email protected] or view our subscription options here:

You are currently unable to copy this content. Please contact [email protected] to find out more.

To continue reading...

You need to sign in to use this feature. If you don’t have a account, please register for a trial.

Sign in
You are currently on corporate access.

To use this feature you will need an individual account. If you have one already please sign in.

Sign in.

Alternatively you can request an individual account here: