Well, there is no doubt that we have come a long way since September 2008. But we have not yet achieved our objective. What still has to be done? The first priority is certainly to implement the revised regulation; to implement it consistently across sectors and jurisdictions.
4.1  Not only banks can be too big to fail  But there is more on the agenda. In some fields, further conceptual work is required; just think about the insurance sector. Just one day after Lehman collapsed, the US government had to invest more than $ billion to bail-out the insurer AIG – another institution that was deemed too big to fail.