Safety of the Financial System Post Global Financial Crisis

The chapter delves into the current state of the financial system ten years after the global financial crisis, discussing the role of leadership, concerns about debt levels, limitations of fiscal and monetary tools, and potential vulnerabilities if global interest rates were to rise. There is a debate on whether the financial system is safer now, with discussions on improvements in transparency, reduced securitization, and risks associated with the banking sector's short-term borrowing and long-term lending. Experts emphasize the importance of monitoring evolving risks such as cybersecurity threats and the impact of large institutions failing.