“Banks have significantly improved their risk systems after the financial crisis. Many are likely to be able to react much faster in a crisis today. But does this make the entire financial system safer? Hardly. Because in a crisis, the markets will collapse even faster because all market participants react even faster to the crisis signals. It can even – and here the paradox becomes particularly clear – be helpful if many market participants overlook the signals and keep calm.”
– Wiebe, F.: The Paradox of Safety, in: Handelsblatt (2014), No. 35, p. 26.
More Quotes
“Detachment: Anyone who fundamentally connects with nothing is not in danger of having to stand up for something and expose his power to dangers. Merkel is primarily social democratic, is liberal, is a bit conservative and a bit green. She is free from ideologies and convictions except for the belief that freedom must be preserved. She has a pragmatic political approach and wants to solve the problems that exist, as far as these problems can be solved without major problems.”
– Kurbjuweit, D.: Powerfully powerless, in: der Spiegel (35/2014), p. 25.
