TITLE

How Technology Is Reshaping Finance and Risks

AUTHOR(S)
Guldimann, Till M.
PUB. DATE
January 2000
SOURCE
Business Economics;Jan2000, Vol. 35 Issue 1, p41
SOURCE TYPE
Academic Journal
DOC. TYPE
Article
ABSTRACT
Dramatic increases in the capacity and speed to transmit and process information electronically are transforming the structure of the investment management industry from integrated service providers dominating local markets to a network of specialized advisors, processors and risk intermediaries operating on a global scale. International exchanges are threatening the sovereignty of national financial markets, and regulators are losing influence. The Long Term Capital Management debacle was an early harbinger of future challenges: significant new risks in the stability of the global network and the growing illusion of assured liquidity created by market-to-market reporting.
ACCESSION #
2988777

 

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