Glossary entry (derived from question below)
English term or phrase:
potential grid lock
English answer:
activity potentially stops or becomes difficult
Added to glossary by
amat
Jun 8, 2010 05:31
14 yrs ago
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English term
potential grid lock
English
Bus/Financial
Finance (general)
Islamic Banking
Llewellyn (1999) lists the economic rationale for regulation and supervision in banking and financial services: potential systemic problems; correction of market failures; need for monitoring financial firms; the need for consumer confidence; potential grid lock with associated adverse selection; moral hazard associated with safety net arrangements; and obtaining a degree
of preference for assurance and lower transaction costs.
of preference for assurance and lower transaction costs.
Responses
+5
1 hr
Catharine Cellier-Smart
Reunion
Reunion
Native in English
&
English
Works in field
Reunion
The Smart Solution
Native in: English (Variant: British)
Works in: French to English, Creoles & Pidgins (French-based Other) to English, English
Related KudoZ points
:
16
Selected
activity potentially stops or becomes difficult
"Gridlock - Is a condition whereby trading activity ceases or becomes extremely constrained. Frequently, the spreads between bids and offers widen dramatically and volume dries up. Therefore, there are very few, if any, trades."
http://www.oasismanagement.com/glossary/g.html?/glossary/g.h...
In a banking context :
"European Central Bank Glossary
A situation which can arise in a funds or securities transfer system when the failure of some transfer instructions to be executed (because the necessary funds or securities balances are unavailable) prevents a substantial number of other instructions from other participants being executed. "
http://dictionary.babylon.com/gridlock/
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Note added at 1 hr (2010-06-08 06:40:29 GMT)
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Sorry the "In a banking context" should be before both references, not just the second one.
4 KudoZ points awarded for this answer.
Comment: "Thank you very much indeed for your in-depth input"
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