ECB promotes research on emerging front: “Too networked to fail”

The ECB conference “Recent advances in modelling systemic risk using network analysis” was featured today in Securities Operations Week – a weekly publication focused on US and global securities operations, technology and compliance:

“The financial crisis that began to emerge in 2007 and that gained steam in 2008 famously gave rise to the oft-cited slogan “too big to fail” It also saw the coinage of a lesser-known catchphrase kicked around commonly now in research circles: “too networked to fail”. A summation released last week by the European Central Bank offers what may be the best discussion to date on the subject. [read the full article (pdf)]