It has conducted already two simulations which tested the effectiveness of its own arrangements and plans to conduct others in the future. Finally, I should emphasise that the EU arrangements should also take into account the global dimension of financial stability.
In his Stamp Memorial Lecture at the London School of Economics in October this year, Sir Mervyn King, Governor of the Bank of England, put it thus: “[Taleb] argues that the opposite of fragility is not resilience or robustness, but “anti-fragility”, that is a state in which people or institutions thrive on volatility, shocks to the system, and risk.