Our regulatory system is much stronger for the substantial additional safeguards we have built around the G-SIBs since the Great Recession. They are subject to capital surcharges, required to be highly liquid, and held to the highest supervisory standards. The events of the past couple of months would have been much more difficult to manage had the largest banks been undercapitalized or illiquid.
3/4  BIS - Central bankers' speeches  Conclusion The Great Recession was a watershed moment, demonstrating the terrible consequences a fragile financial system can have on people's lives. In response, regulators in the U.S. and around the globe set out to build a much more resilient financial system.