The EU and the US responded to the global financial crisis by changing the rules for the functioning of financial services and markets and by establishing new o

The 2008 crash was the worst financial crisis and the most severe economic downturn since the Great Depression. It triggered a complete overhaul of the global r

Over a decade has passed since the collapse of the U.S. investment bank, Lehman Brothers, marked the onset of the largest global economic crisis since the Great

We identify current challenges for creating stable, yet efficient financial systems using lessons from recent and past crises. Reforms need to start from three

This book examines the regulatory framework, regulatory objectives, regulatory logics, regulatory instruments, regulatory failures, and regulatory responses in