“The global financial system consists of firms in the financial services sector - banks, hedge funds, insurance companies and the like - and various governmental agencies who are charged with regulating these firms.” CompanyFinancialVariousFirmAgencyFundInsurance CompaniesFinancial SystemHedge FundFinancial Services Author:John L. Casti
“From the 1990s onward, the financial sector created a vast array of instruments designed to separate investors from their money, financial derivatives of an ever-increasing level of complexity. At some point, this complexity reached a point where even the creators of the derivatives themselves didn't understand them.” LevelsInstrumentsFinancialCreatorComplexityInvestorsDerivatives Author:John L. Casti
“The process of globalization has now interconnected almost everything ranging from financial markets to transport networks to communication systems in a huge system that no one really understands.” ProcessHugeCommunicationFinancialGlobalizationTransportInterconnectedFinancial Markets Author:John L. Casti
