Credit default swaps, core processing systems and ATM networks would all appear to be different animals in the financial zoo, but Louis Rosenthal says there's some dangerous common ground.

A consultant who's also held senior positions at Bank of America, LaSalle Bank and ABN Amro, Rosenthal says esoteric financial instruments and tech networks both place banks in a position in which institutional credibility is partly reliant on the performance of sometimes-shaky counterparties. He recently discussed threats with BTN at a recent BITS event in Chicago.

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