Testimony before the U.S. House of Representatives Committee on Financial Services, October 2, 2007, regarding 'Systemic Risk: Examining Regulators' Ability to Respond to Threats to the Financial System'

2007 ◽  
Author(s):  
Steven L. Schwarcz
Keyword(s):  
House Of Representatives ◽  
Systemic Risk ◽  
Financial Services ◽  
Financial System ◽  
The U.S

Systemic Risk in Financial Services

2011 ◽  
Vol 16 (2) ◽  
pp. 195-300 ◽  
Author(s):  
D. Besar ◽  
P. Booth ◽  
K. K. Chan ◽  
A. K. L. Milne ◽  
J. Pickles
Keyword(s):  
Financial Markets ◽  
Systemic Risk ◽  
Financial Services ◽  
Financial Crises ◽  
Financial System ◽  
Policy Makers ◽  
Large Aggregate ◽  
The Past ◽  
Markets And Institutions ◽  
Aggregate System

AbstractThe current banking crisis has reminded us of how risks materialising in one part of the financial system can have a widespread impact, affecting other financial markets and institutions and the broader economy. This paper, prepared on behalf of the Actuarial Profession, examines how such events have an impact on the entire financial system and explores whether such disturbances may arise within the insurance and pensions sectors as well as within banking. The paper seeks to provide an overview of a number of banking and other financial crises which have occurred in the past, illustrated by four case studies. It discusses what constitutes asystemicevent and what distinguishes it from a large aggregate system wide shock. Finally, it discusses how policy-makers can respond to the risk of such systemic financial failures.

scholarly journals Macroprudential Policies and House Prices in Europe

2020 ◽  
Vol 20 (03) ◽  
Author(s):  
Marco Arena ◽  
Tingyun Chen ◽  
Seung Choi ◽  
Nan Geng ◽  
Cheikh Gueye ◽  
...  
Keyword(s):  
Systemic Risk ◽  
Financial Services ◽  
House Prices ◽  
Financial System ◽  
Real Economy ◽  
Negative Consequences ◽  
Macroprudential Policy ◽  
The Real ◽  
Macroprudential Policies

Macroprudential policy in Europe aligns with the objective of limiting systemic risk, namely the risk of widespread disruption to the provision of financial services that is caused by an impairment of all or parts of the financial system and that can cause serious negative consequences for the real economy.

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