The Latest: Investor Sees Tech Failure As Risk For Markets

DAVOS, Switzerland (AP) — The Latest on the World Economic Forum in Davos, Switzerland (all times local): 2:25 p.m. A leading British investment manager says that a catastrophic IT crash that puts markets out of action for several days could be the catalyst to another financial crisis. Anna Richards, chief executive of London-based M&G Investments, says the next financial crisis is unlikely to emerge from a geopolitical event, as markets are used to dealing with such events on a regular basis. More worrying for Richards are the technological innovations that have fundamentally altered the way markets operate and that investors are "somewhat blind to.Read more on NewsOK.com

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