The rumbling draws near.

The article examines the looming crisis in the financial markets after the U.S. Federal Reserve tightened its monetary policy with an interest rates hike. It cautions over potential illiquidity in pension funds, stock market and credit markets and possible insolvencies. Focus is also given on the layers of protection around institutions in the financial systems including clearing houses and banks. It raises concern on unsecured consumer finance with the rise of buy-now-pay-later providers.