Liquidity=Diversity
Michael Mainelli
(Z/Yen Limited, London, UK)
1160
Abstract
Purpose
This paper aims to offer a commentary on recent failures in financial markets.
Design/methodology/approach
The approach is that of critical commentary on the present situation.
Findings
Current market dynamics reinforce the fact that there are few greater issues for financial institutions than governance and control systems.
Originality/value
The paper shows that financial institutions are still seeking to find the correct balance between risk and reward among the forces of financial innovation.
Keywords
Citation
Mainelli, M. (2008), "Liquidity=Diversity", Journal of Risk Finance, Vol. 9 No. 2, pp. 211-217. https://doi.org/10.1108/15265940810853968
Publisher
:Emerald Group Publishing Limited
Copyright © 2008, Emerald Group Publishing Limited