In this specific case, the disruptions to the trading and clearing of financial derivatives remained limited, but we cannot ignore scenarios where the attacks could have propagated quickly, disrupting the financial system.
Sarah Bloom Raskin: Aspects of inequality in the recent business cycle Speech by Ms Sarah Bloom Raskin, Member of the Board of Governors of the Federal Reserve System, at the “Building a financial structure for a more stable and equitable economy” 22nd Annual Hyman P. Minsky Conference on the state of the US and world economies, New York City, 18 April 2013.