However, these are negligible costs in comparison to the costs of financial crises, or implementation costs of Basel III, which will effectively
not reduce systemic risk,» explains Thurner.
Not exact matches
Even new «Tobin style» transaction taxes that have been proposed and introduced following the 2008 financial crisis do
not do much to
reduce systemic risk, according to previous research.
In a bid to
reduce systemic risk, the Israel Securities Authority has announced that it will
not include companies operating in the cryptocurrency industry will
not be included in the country's stock exchange indices.