Lessons to be learnt from the current crisis It is too early to draw lessons from the crisis that is yet to run its full course. However we must continue to debate the causes of the crisis and contribute to solutions to avoid a similar situation globally and at home.
We need stronger institutions that should be lasting, so that the current problems would not recur quickly. However, as the Australian Prime Minister recently said at the United Nations:  BIS Review 126/2008  3  “The failures that we have seen in recent times do not lie in the institutions alone.