Finally, one thing that should be kept in mind is a possible post-crisis reinvention of the financial system that Andy Haldane, Chief Economist of Bank of England, talks about in his recent publication.6 As a consequence of the crisis, some part of financial activities will migrate outside the banking system, inducing the shape and form of risk itself to change.
The tremors and aftershocks of the financial crisis are still on either in the form of European debt crisis and/or weakening global economic outlook and the policy makers are still looking for answers to fix these issues.