Worse still, because derivatives and repo investors jump to the head of the repayment line in so many ways, they have less incentive to foster market discipline by closely monitoring their counterparties’ solvency and carefully rationing their exposure to any single counterparty.
Peor aún, como los inversores en derivados y repos saltan a la cabeza de la línea de pago de tantas maneras, tienen menos incentivos para alentar la disciplina de mercado monitoreando de cerca la solvencia de sus contrapartes y racionando cuidadosamente su exposición a una única contraparte.