Such proposals could be viewed as a form of solvency regulation and this form of loss-absorbing capital might be appropriate for some of the largest and most interconnected nonbanks as well. In addition, nonbank intermediation often involves complex chains of activity encompassing many entities and markets.
Yet average fuel burn has been falling every year since 1960 and continues at a strong pace—in the first decade of the 21st century, fuel efficiency on domestic flights increased by another 40 percent. The airlines recognized that the public has a strong interest in safety, but that it also has a strong interest in other values as well.