Global Watch
๐
Article
๐
2000
๐
John Wiley and Sons
๐
English
โ 106 KB
## EUROPEAN UNION 1. Systemic risk is the risk that the illiquidity or failure of one participant in a system and its resulting inability to pay up its own obligations when due, will lead to the bankruptcy of other participants and will have further knock-on eects on ยฎnancial markets at large.