The rest of the paper is structured from general to the specific and unfolds as follows: Section 2
contains the long-term perspective structuring our discussion. Section 3 describes measures of
financial crisis resolution in short, whereas we put more emphasis on Section 4 which presents
the measures taken thereafter, i.e. roughly during the last 5 years. Section 5 turns to recent
developments of non-banks financial institutions which are heavily engaged in the market for
personal, i.e. mainly consumer, loans. Finally, Section 6 concludes.