On the other hand, when Germany's Herstatt Bank failed to meet its international payment obligations in the mid-1970s, that event caused a serious globalized payment-system crisis -- even though Herstatt itself would not have been on anyone's list of major financial institutions at the time.
Age UK says councils and the government need to find more money to rescue the care system from crisis.
He inherited every conceivable problem that a system in crisis could provide, but the first thing he did was eradicate graffiti from the subway cars.
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Commercial real estate loan defaults did rise along with residential defaults, but the commercial sector never went down enough to throw the financial system into crisis.
For starters, Canada has avoided many of the problems that currently bedevil the U.S.--mountains of public debt, a banking system in crisis, the housing debacle and a weakened currency.
It is actually true that Social Security is not in crisis the way our health care system is in crisis.
Our banking system is as safe as it is because there are lenders of last resort who can create more money in a crisis to protect the entire system from collapsing in a liquidity crisis.
The health system is in crisis and we are trying to pick our way through it.
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"I think this decision puts the judicial system in a crisis, and it's a message to the constitutional court, " he said.
One is how to clean up the current mess and the second is how to reform the system once the crisis is over.
Moody's goes a bit further, reasoning that governments can and will rescue an individual bank, even if they lack sufficient resources to bail out the whole system in a crisis.
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Increasing the emphasis on enforcement and on detecting fraud before it creates a system-wide crisis can be accomplished without any new legislation, though legislative changes in the late 1990s and early 2000s appear to have removed some barriers to fraud.
First off, I think a lot of the current focus and current legislative proposals are all really geared in large part toward solving or preventing the last crisis, which we already have on our plates, as opposed to improving the system and avoiding the next crisis which probably won???t look anything like the current crisis.
George Soros says the global financial system faces its worst crisis since World War II.
When Austria took desperate measures to prop up its banking system, its banking crisis only shifted to Germany.
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First off, it is important to recognize that not all physicians in the health care system are facing financial crisis.
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The Bush administration explained Thursday how it would like to overhaul Washington's vast regulatory system to prevent another crisis in the nation's credit markets.
The summit, which takes place in Brussels on 16 and 17 December 2010, is expected to focus on a presentation by Herman van Rompuy on a new Eurozone permanent crisis management system.
The property boom had been fuelled by massive lending from the banks, and when this collapsed - and lenders were unable to repay - the Irish banking system was plunged into crisis.
Earlier, British Prime Minister Gordon Brown urged global political and business leaders to work together to fix the financial system as the economic crisis returned to the top of the agenda in Davos.
Something that was a relatively small knock to the financial system led to a global crisis.
The Banking Standards Commission was set up to improve the UK's banking system following the 2008 financial crisis.
Once the proposals are formally agreed it will start the biggest shake-up of the banking system since the global financial crisis.
At the time many Thais were disillusioned with the corrupt and chaotic political system that had allowed the crisis to happen.
And in any case, it has conditions of its own: the euro zone must have a proper means of enforcing fiscal rules and a better crisis-management system.
In its response to the government's consultation on reforming the banking system after the Northern Rock crisis, the BBA called for an "open enquiry" into the recent financial turmoil.
There is also still a danger that it will turn out that there is something else toxic in the system that will keep the crisis going, but Jon Danielsson doubts that.
And the commission is delaying a bank crisis-management system.
The hot new idea in the U.S. and Europe, sure to come up at the June global G-20 meeting, is to impose a tax on large banks, the proceeds to be used to build a reserve fund to rescue the financial system in the next financial crisis, rather than the history of having to use tax-payer money each time.
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