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There is a risk that efforts to rein in financial risk could lose momentum as the trauma of Lehman's collapse fades, Mr. Hurley said.
He specializes in financial risk management.
The last quarter of 2014 saw a spate of silicon valley investment in AI start-ups involved in financial risk analysis, big data analysis, language and image recognition and automated report writing.
Bush's proposal, by contrast, accelerates the very trends most Americans fear: the reduction of quality coverage, increase in financial risk, and adoption of stingy, rigid, high-deductible insurance plans.
He believes the government has left hundreds of thousands of woman in financial risk by not making sure they knew that they would have to wait for a State pension payout.
Copulas' modeling has been increasingly used in financial risk analysis in recent years.
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The authorities say they aim to raise domestic consumption and productivity, reduce China's reliance on exports and construction investment, and rein in financial risks flagged in the I.M.F.
Starting this week, non-bank payments companies must place 100percentt of their customer deposit funds under centralized, interest-free accounts as Beijing moves to rein in financial risks.
José Viñals, the IMF's financial counsellor, said: "Policymakers are facing a new global imbalance: not enough economic risk-taking in support of growth, but increasing excesses in financial risk-taking posing stability challenges".
But typically that is seen first in financial risk-taking – such as borrowing to invest in assets such as shares or existing property rather than the expansion of new businesses and job-creation.
Albert Wojnilower, senior adviser to Monitor Clipper Partners, which manages private-equity investments, predicts enormous increases in financial risks for everyone in his "Life Without Treasury Securities," a 16-page essay that is must reading on Wall Street these days.
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