Italian society cannot avoid confronting a changed world in which no position rents are allowed. At the same time, politics must ensure the prospect of a profound renewal that nourishes hope and responds to the aspirations of the younger generations. 10  BIS central bankers’ speeches
But there’s no doubt that institutions and supervisors are now better prepared. Banks hold much more capital and liquidity. Their risk management and corporate governance are better too, albeit not yet good enough at every institution. One theory has it that the financial crisis would not have unfolded as it did if more women had been on the banks’ boards.