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And might some of it be sitting undetected on the books of investment banks, the most complex institutions at the centre of the finely spun web of global finance?
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"Deutsche is the most complex institution I have to deal with," confesses one banking analyst.The question many investors ask is which of these two pictures is more accurate.
Those efforts began by requiring the largest, most complex banking institutions to substantially improve their capital cushions.
He applauded the new role for the Fed in overseeing the largest and most complex financial institutions, saying, "That mandate has not been clear in the past".
Worse, Treasury apparently has chosen to ignore rather than support real efforts at reform, such as those advocated by Sheila Bair, the chairwoman of the Federal Deposit Insurance Corporation, to simplify or shrink the most complex financial institutions.
In 2001 he joined the Royal Opera House, one of the country's largest and most complex arts institutions.
Clinton noted in a New York Times op-ed published earlier that day that Republicans "are working to attach damaging deregulation riders to the must-pass spending bill," as well as "trying to undo constraints on risk at some of the largest and most complex financial institutions".
Once between the sheets of this serious but eminently readable tome, however, most opera lovers will find themselves strangely enthralled by its cumulative insight into the workings of these most complex and costly institutions.
For the largest, most complex, and most interconnected institutions, we emphasize the need for strict scrutiny to ensure that capital is adequate in a crisis and that resolution is feasible with limited spillover effects.
This detailed community based approaches that enable people with the most complex needs, previously confined in institutions, to lead ordinary lives in their communities.
It was the largest, most complex criminal investigation into a financial institution since the SFO examined the 1991 collapse of the Bank of Credit and Commerce International.
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Justyna Jupowicz-Kozak
CEO of Professional Science Editing for Scientists @ prosciediting.com