Can we also expect that authorities, which at the beginning of the crisis bailed out banks without in some cases even extending losses to junior creditors8, would (re)act differently faced with similar risks?9 Or do these authorities retain instruments that ensure financial stability is preserved? Should these be emulated?
I wish to acknowledge the presence of Your Lordship the Chief Justice Rre Dibotelo, and Your Excellency the former President, Sir Ketumile.