The financial infrastructure also has important effects on how market participants respond to perceived changes in counterparty risk.

金融基础结构对于市场参与者怎样识别来自交易方风险的变化有重要影响。

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Far more worryingly, this sorting of the wheat from the chaff occurred in the credit defaults swap market, which showed the perceived risk of bankruptcy ballooning for Citi and rising sharply for BoA, while JPMorgan remained more secure.

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The financial infrastructure also has important effects on how market participants respond to perceived changes in counterparty risk.

FORBES: Reducing Systemic Risk

In this instance, the market corrected itself to represent a perceived systemic risk.

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