This is exactly why predicting the next crisis is not what we aim to do at the Financial Stability Board (FSB). Instead of predicting, our aim is to approach financial stability with a different way of thinking.
Dynamism of financial sector, benefiting from the change of ownership and management and strong regulation and supervision, helped revive real economy and exploited untapped economic potential. Financial sector assets rose to $ billion (125% of total GDP) as banks’ were capitalized and the stock market remained buoyant.