Date of Original Version
Abstract or Description
The recent increase in the number of failures by financial firms has renewed interest in the fragility of firms in the U.S. financial sector Finding the causes of fragility presumably leads to eliminating or reducing fragility wherever possible. For some people any financial failure is an evil to be avoided-a flaw, as it were, in the regulation or deregulation of the financial system.
Report of the Technical Committee, New York: Global Action Institute.