Internationally, both the Basel Committee on Banking Supervision and the International Organization  BIS Review 41/2006  1  of Securities Commissions produced papers on sound practices in dealings with highly leveraged institutions, and the Basel Committee conducted a series of follow-up studies. An alternative policy response that the Working Group considered, but did not recommend, was direct regulation of hedge funds.
Brexit has forced us all to think about how we can be best prepared for such a disruptive event, not least the students of politics.