systemic risk means a risk of disruption in the financial system with the potential to have serious negative consequences for the financial system and the real economy;
systemic risk means systemic risk as defined in point (10) of Article 3(1) of Directive 2013/36/EU;
systemic risk means the risk that failure of one or more settlement 5 system participants, for whatever reason, to meet their payment obligations, including the payment obligations of clearing system participants, or their settlement obligations may result in any or all of the other settlement system participants being unable to meet their respec-
More Definitions of systemic risk
systemic risk. ’ means the danger of a failure or disruption of the Republic’s financial system as a whole;
systemic risk means the risk of a participant or the SIPS operator not meeting their respective obligations in a SIPS will cause other participants and/or the SIPS operator to be unable to meet their obligations when they become due, potentially with spillover effects threatening the stability of or confidence in the financial system;
systemic risk means the risk that relates to the inability of a participant to meet its obligations in a system as the obligations become due or to a disruption to the system that could, for whatever reason, cause other participants in the system to be unable to meet their obligations as the obligations become due.
systemic risk means systemic risk as defined in point