However, enterprise wise risk management processes need to be implemented / strengthened in the financial conglomerates and SIFIs. 4  BIS central bankers’ speeches  (v)  Structural changes  (a)  Financial innovation  20. The crisis has also raised the issue of financial stability vis-à-vis financial innovation – in other words, the question of the “social optimality” of financial innovations.
I beg to disagree. In my view, the main risk right now is not to do too much, but rather that we do too little.