In late 2008, the world's financial system was teetering on the brink of systemic collapse. While the impacts of the global financial crisis would be felt immediately, at every level of the economy, it would also send years-long aftershocks through investment, banking and regulatory circles worldwide. More than a decade after the worst year of the global financial crisis, what has been learned from its harsh lessons? Are governments and regulators more prepared for another financial system failure that would significantly affect the real economy? What may be the potential triggers for such a collapse to occur in the future? Systemic Risk in the Financial Sector: Ten Years after the Great Crash draws on some of the world's leading experts on financial stability and regulation to examine and critique the progress made since 2008 in addressing systemic risk. The book covers topics such as central banks and macroprudential policies; fintech; regulators' perspectives from the United States and the European Union; the logistical and incentive challenges that impede standardization and collection; clearing houses and systemic risk; optimal resolution and bail-in tools; and bank leverage, welfare and regulation. Drawing on experts across disciplines — including Howell Jackson, John Geanakoplos, Charles Goodhart, Anat Admati, Roberta Romano and Martin Hellwig — Systemic Risk in the Financial Sector is the definitive guide to understanding the global financial crisis, the safeguards being put into place to try to avoid similar crises in the future, and the limitations of those safeguards.

2008年末，世界金融体系正徘徊在系统性崩溃的边缘。尽管全球金融危机的影响将立即在经济的各个层面显现出来，但它也将给全球投资、银行业和监管界带来长达数年的余震。在经历了全球金融危机最糟糕的一年之后的十多年里，人们从其惨痛的教训中学到了什么？政府和监管者是否对另一场将对实体经济产生重大影响的金融体系失败做好了更充分的准备？未来发生这种崩盘的潜在诱因是什么？金融部门的系统性风险：大崩盘十年后，世界金融稳定和监管方面的一些顶尖专家对2008年以来在解决系统性风险方面取得的进展进行了审查和批评。这本书涵盖的主题，如中央银行和宏观审慎政策；金融科技；美国和欧盟监管机构的观点；阻碍标准化和收集的后勤和激励挑战；清算所和系统性风险；最佳解决方案和自救工具；以及银行杠杆、福利和监管。金融领域的系统性风险是理解全球金融危机的决定性指南，金融领域的系统性风险是为避免未来发生类似危机而制定的保障措施，它借鉴了包括豪厄尔·杰克逊、约翰·吉纳科普洛斯、查尔斯·古德哈特、阿纳特·阿马蒂、罗伯塔·罗马诺和马丁·赫尔维格在内的跨学科专家的经验，以及这些保障措施的局限性。