Five days ahead of the first anniversary of September 11 they are particularly challenged. The downgraded economic perspectives are reflected in low asset prices at the stock markets. The current uncertainties are reflected in high volatility. Investors worldwide take into account political tensions and impending military conflicts.
Therefore, the current concentration of threats can serve as an example for the burden which the financial architecture must be able to bear. II The term “financial architecture” is intuitively associated with planning and constructing a solid building. There are prerequisites for a stable construction. An architect has to consider the statics of the building and its foundations.