It also became clear that the connections between the various institutions, and the interfaces between them, which led to the rapid transfer of risks between parts of the system and increased its fragility, were neglected by regulators around the world.
Therefore, the issue of an overall view of the financial system, and the issue of coordination and joint work by the various regulators is at the center of the recommendations of the various international bodies on an issue that is at the heart of the required reforms in the field of financial regulation.