The financial markets remain engulfed in "fundamental disequilibrium" with the size, scale and prioritisation of remedial efforts still far from clear in governments' policy responses, according to a new report which hints that a "nuclear error" has occurred in the markets.

In note entitled Oppenheimer Redux, published by Recovery Partners, a US-based investment advisory firm, Alex Jurshevski, its co-founder and chief executive, said there were still "significant, unprecedented risks" to the financial system and criticised authorities for seeking to answers to the problems they ignored until it was too late.