Institutions provide stability by their very nature of being hard to change. But that inertia can lead them to lack the agility to deal with new challenges. Failure to react can fertilise counternarratives. But there is also a chance for new institutions to be founded which improve on previous institutions.
The Federal Deposit Insurance Corporation was created in the United States in 1933 to reduce the effect of failed banks on depositors. Following the recent financial crisis, the international institutional architecture was strengthened with the inauguration of the G20 summits and the creation of the Financial Stability Board.