The crisis brought forth the realization that organizations which are not just too-big-to-fail but also too-interconnected-to-fail are the major source of systemic risk. It reinforced the fact that complete reliance on mathematical model-based risk management systems is insufficient in assessing the wide array of risks faced by the financial sector, some of which need more qualitative analysis and judgment.
Most importantly, it showed how its protracted duration severely impaired the basic function of the financial sector i.e. efficient allocation of resources in the process of financial intermediation. The regulatory focus in Pakistan has strived to prevent and mitigate the occurrence of these factors as the financial sector continues to evolve and progress.