Financial Engineering 273
interest in the performance of the instrument, its inherent risk can grow as incen-
tives to screen and monitor weaken. In addition, the benefi ts of tailoring the risk
profi le to meet the demands of specifi c investors can be offset by the poor liquidity
that might apply to a bespoke component.- Ibid.
- Ibid.
- OIC Resolution 179 (19/5/2009).
- Haque and Mirakhor (1997).