This assessment depends on reliable and efficient measures of credit and market risk, some of which depend on benchmark rates that measure the cost of funding in the financial markets.
It is precisely such crisis-like upheavals that prompt the question of whether and, if so, to what extent today’s financial markets have become more unstable, and whether systemic risk has increased? Some people fear that the advance of professionalism among fund managers and institutional investors, in particular, might increase the incidence of such dangers.