More specifically, financial institutions with the potential to trigger systemic risk must be required to enroll in an insurance program. This solves the freerider problem. It might also allow financial institutions to opt out of the insurance program. However, in such cases, the financial institution would be required to scale back its business and demonstrate that it will not trigger systemic risk.
For example, new adjustable-rate loans are no longer offered with refinancing in December, and some mortgage banks have offered their borrowers to reschedule their refinancing free of charge. However, the figures show that several mortgage banks have in fact made little progress. The volume of refinancing in December is still far too high. That is not satisfactory.