Part 3/10:
He suggests that the idea of unforeseen crises might be a misconception, as history shows us many instances of bank failures and economic downturns with similar characteristics. The unpredictability is less about if such an event will happen, and more about when it will happen and which institution or country will be affected unbeknownst to the broader public. Andreas mentions the possibility of a looming crisis originating from an under-the-radar bank, perhaps one that the average person has never heard of — like a large Italian bank — which could be the catalyst for a widespread systemic failure.