Post-Financial Crisis Regulation Through a Critical Lens
The 2007-2008 financial crisis appeared to expose a need for revised financial regulation in several areas, including capital and liquidity, derivatives, and consumer protection. This perception led to large numbers of rules and regulations formulated and enacted post-haste across the globe, reforms meant to be key in restoring the trust and confidence of the general public in the banking sector. Additionally, post-crisis financial regulation reform was largely meant to lead to international harmonization and coordination of financial regulations. However, as Stefan Ingves, Chairman of the Basel Committee on Banking Supervision recently noted, “it is a good time to take a step back and ask how the different bits and pieces of the regulatory framework fit together.”
Photo: DAVID ILIFF. License: CC-BY-SA 3.0
