The article discusses how to make financial markets safer by regulating risk managers' decisions. It shows that the current financial crisis is caused by systemic moral hazard, where individuals are not rewarded for predicting and preventing risks. The model of risk manager decision-making reveals that without regulation, risk-taking can lead to systemic failure and harm society. To address this, all asset managers should risk their own money and use best risk management practices. This regulatory strategy aims to balance the benefits of risk-taking with the need to prevent excessive risk and systemic collapse.