Interconnectivities and regulatory impact [26]

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Bullet points include: Politicians and regulators worry about systemic risk, because: They have seen the system-wide impact of the recent financial crisis and don’t want a repeat Maybe they remember how political revolutions have often been triggered by financial crises They are also increasingly sceptical about the idea that different components of the financial sector are inherently different when it comes to potential to create, amplify or transmit systemic risk. Problems during the crisis included Lehman, Freddie Mac, Fannie Mae and other banks But also AIG, MMFs and shadow banking

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