Indeed, perhaps the most important lesson learned in the aftermath of the collapse of Lehman Brothers is that we can no longer afford to examine problems in terms of individual institutions and from regulatory “silos.” The global economy’s high degree of interconnectivity, interdependence, and complex feedback mechanisms imply that one weak hub can bring down the entire system.
在未来几年中，新兴市场极有可能因为全球金融监管标准（主要适用于更成熟的金融市场）的实施出现困难。新兴市场还面临着快速变化的外部环境和日益迫切的有效管理资本流的需要，后者需要央行和金融监管者之间的更紧密的合作。