Before revision:  Paralleling regulatory discussions we determine minimal capital requirements for financial institutions sufficient to make the network resilient to small shocks  .
After revision:  Paralleling regulatory discussions we determine minimal capital requirements for financial institutions sufficient to make the network resilient to small shocks . An appealing feature of these capital requirements is that they can be determined locally by each institution without knowing the complete network structure as they basically only depend on the institution's exposures to its counterparties .