Central banks also introduced a variety of facilities to inject liquidity into the banking system, with some lending directly to targeted sectors. Botswana, South Africa, Kenya and Malawi, many more announced lower reserve or liquidity requirements for commercial lenders to encourage more lending. 11 | P a g e  14.
The contribution of individual financial institutions to systemic risk is higher, the greater the risk of an individual institution, the larger an institution is (too big to fail), the more connected an institution is (too connected to fail), or the more financial institutions are exposed to common risk factors (too many to fail).