Future of Finance.wmv

The video explores the evolution of financial systems in response to crises, focusing on asset management and shadow banking. It highlights the shift from traditional asset management to new practices involving risk exposure and derivatives. The interaction between shadow banks and asset managers is discussed, emphasizing the role of global banks and derivative dealers in managing risks and liquidity. The inability to see direct exposures leads to liquidity problems, underscoring the complexity of modern financial systems.

In what way do asset managers and shadow banks understand their exposures?

What are the liquidity problems mentioned in the text, and what causes them?