Conclusion—Closing Perspectives on Regulating Systemic Risk

This is an unedited draft of the closing chapter of a forthcoming book, entitled Systemic Risk in the Financial Sector: Ten Years After the Great Crash, that will be published by CIGI Press in fall 2019 (edited by Douglas W. Arner, Emilios Avgouleas, Danny Busch, and Steven L. Schwarcz). The chapter argues that although regulators have accomplished much in the past decade to help stabilize the financial system, much remains to be done, and that we need a more systematic regulatory framework in order to correct market failures that could trigger and transmit systemic risk