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During the financial crisis, sovereign wealth funds provided critical capital to banks and other troubled firms.
"We provide critical capital for start-ups, growing companies and struggling business on a scale and in times of turmoil that cannot be replicated elsewhere".
In poorer developing countries, meanwhile, the entry of multinational companies (through foreign direct investment) has often contributed critical capital, technology, skills and other poverty-reducing economic spillovers.
Specifically, the appropriately designated agency should be authorized to intervene in the event that a systemically critical capital market institution is on the brink of failure.
"Local governments in nearly every state have saved billions of dollars by using Build America Bonds to finance critical capital projects that are rebuilding infrastructure and creating jobs," the statement said.
Altman's genius was built by amassing experience and maturity early on before he made his breakthrough, and then by amassing enough critical capital with subsequent successes to enable him to keep working and getting his pictures made, even during the 80s when it looked as if nobody loved him any more.
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Ms. Schapiro said the S.E.C., as a regulator with market expertise, "can perform its critical capital-markets and investor protection functions without compromising the oversight of systemic risk".
Take, for example, today's business world, where companies can't afford to let their multi-thousand-dollar business-critical capital asset break down.
"It's a can of worms," said Richard C. Dieter, the executive director of the Death Penalty Information Center, a Washington advocacy group critical of capital punishment.
"This is the year with the most media attention on the death penalty that I can remember," said Richard C. Dieter, executive director of the Death Penalty Information Center, a research group in Washington that is critical of capital punishment.
So picking the right energy stocks across this ever-changing backdrop is critical, weighing capital spending, debt levels and production growth against free cash flow, costs and return of capital to stockholders through dividends and share buybacks.
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Justyna Jupowicz-Kozak
CEO of Professional Science Editing for Scientists @ prosciediting.com