Chapter 1

Introduction

Magdalena Ziolo

Financial systems have been considered so far based on the economic context, inter alia, whether they ensure the safety and stability of the functioning of financial institutions, whether they protect depositors and clients against unfair practices, or whether they adequately secure micro and macro prudential risks. In these aspects, assessment and measurement of the operation of financial systems is carried out with links between institutions and their resilience to shock through stress tests. The 2008 crisis has shown that such an approach does not guarantee a comprehensive approach to risk management because the environmental and social risk is neglected. Finances today have a wider role than those ...

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