This paper constructs a theoretical framework for the impact of financial technology on the systematic risk of traditional financial institutions from five perspectives: the correlation effect, technical effect, transmission effect, competition effect, and the regulatory lag effect. Based on the...

Frontmatter -- Preface -- Contents -- Introduction -- I. The Nature of Risk -- II. Classes of Risks -- III. The Cost of Risk -- IV. The Assumption of Risk -- V. The Reward for Risk-Taking -- VI. Ways of Meeting Risk -- VII. Insurance -- VIII. Conclusion