The risk that a failure in one part of the financial system spreads and damages the whole system, not just the firm that took the risk.
系统性风险
| Move变动 | Where it appeared出现位置 | What it means这句话在说什么 |
|---|---|---|
| — | Bank of England examines Barclays over private credit trades 系统性风险 · 第 7 张术语卡 | Regulators warn that links between banks and private credit funds could be contributing to systemic risks. 判断一条链路有没有系统性，看三点：规模够不够大、杠杆够不够高、以及参与者之间是不是互相抵押。银行给私募信贷基金提供融资与掉期，等于把两边连了起来——基金出事，银行要减记；银行收紧，基金被迫抛售。这种「双向反馈」才是监管真正怕的。 |