They must be possible without also causing the financial system to collapse. The current balancing act between individual responsibility and mutualised liability is likely to lead to new strains in the long run. To exaggerate slightly, as Adorn said, “there is no right life in the wrong one”.
2.3  Financial market regulation  In order to make the financial system more resilient to crisis, and thus to restore greater validity to the principles of competition and liability, changes will also need to be made to financial market regulation.