Matches in DBpedia 2015-10 for { ?s ?p ""We know in retrospect what we missed. We set up the Financial Services Authority believing that the problem would come from the failure of an individual institution," he said. "So we created a monitoring system which was looking at individual institutions. That was the big mistake. We didn't understand how risk was spread across the system, we didn't understand the entanglements of different institutions with the other and we didn't understand even though we talked about it just how global things were, including a shadow banking system as well as a banking system. That was our mistake, but I'm afraid it was a mistake made by just about everybody who was in the regulatory business.""@en }
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- Big_Bang_(financial_markets) quote ""We know in retrospect what we missed. We set up the Financial Services Authority believing that the problem would come from the failure of an individual institution," he said. "So we created a monitoring system which was looking at individual institutions. That was the big mistake. We didn't understand how risk was spread across the system, we didn't understand the entanglements of different institutions with the other and we didn't understand even though we talked about it just how global things were, including a shadow banking system as well as a banking system. That was our mistake, but I'm afraid it was a mistake made by just about everybody who was in the regulatory business."".