Fourth and fifth Sybilline Book: Building up institutions and credibility  The fourth message contained in the Sibylline Books could be: “Systemic risk analysis needs an appropriate institutional set-up”. As in Ancient Rome, where the Sibylline Books were treasured by the priests of the Temple of Jupiter, modern-day risk analysis needs an institutional framework.
Today is therefore a good opportunity to emphasise the similarities in the kinds of risks financial institutions face as we in the jurisdiction cope with new regulations which are being introduced in regulatory frameworks around the world.