Tackling those risks demands a robust analytical framework. These characteristics of systemic risks also imply a two dimensioned policy.
A structural, transversal component, which analyses the distribution of risks and interconnectedness in the system in order to mitigate risks in a given period of time, and a cyclical component, which analyses the evolution of these risks during the expansionary phase of the cycle and intervenes with the purpose of providing the system with a greater capacity to absorb losses during the downturn (i.e.