In fact, the Consumer Federation of America found that lowincome families with $ in emergency savings had better financial outcomes than  7  Annamaria Lusardi, Daniel Schneider, and Peter Tufano (2011), “Financially Fragile Households: Evidence and Implications”, Brookings Papers on Economic Activity (Washington, D.C.: Brookings Institution , Spring), www.brookings.edu/~/media/Files/Programs/ES/BPEA/2011_spring_bpea_papers/2011_spring_bpea_ conference_lusardi.pdf  8  Annamaria Lusardi (2011), “Americans’ Financial Capability”, report prepared for the Financial Crisis Inquiry Commission, http://fcic-static.law.stanford.edu/cdn_media/fcic-testimony/2010-0226-Lusardi.pdf  9  Bricker, Bucks, Kennickell, Mach and Moore, “Surveying the Aftermath of the Storm: Changes in Family Finances from 2007 to 2009”.
And the other concerns the balance between the regulation of individual institutions and the goal of systemic stability. Concerning the “style” of supervision, public authorities have become increasingly aware of the need to make regulation conform to market realities, rather than the other way round.