The system was too interconnected.
这一体系过于相互联系。
Trading through clearing houses will break the "too interconnected to fail" paradigm, reduce the systemic risk inherent in the bilateral OTC marketplace and provide transparency.
通过清算行进行交易,将打破“相互关系过于紧密,以至于不能破产”的模式,同时降低双边场外市场所固有的系统性风险,并提供透明度。
In time, this network of institutions grew so large that they were indeed systemically important: in the now-familiar phrase, they were “too big” or “too interconnected” to fail.
最终,这些机构形成的网络发育的如此庞大,以至于真的成为整个系统的重心所在:用现在流行的话说,它们已经“大得不能倒”或者“复杂的不能倒”。
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