One troubled bank's business was eventually sold off to other institutions, while a second medium-sized bank was acquired by one of the big four banks. This episode tested numerous depositors' and bankers' nerves to the extreme; many elderly investors now choose to keep their deposits with more than one institution, which is a wise move. 4.
Third, in the area of financial crisis management, the main initiatives are in the form of promoting multilateral or bilateral agreements among the relevant authorities so that they are prepared in case of a financial crisis with cross-border dimension.