After the meltdown

Regulating the financial markets

The financial crisis of 2007-08 has generated new rules, regulations and guidelines to cope with the flaws and faults of the international financial system. What kind of regulatory context is likely to evolve from this massive effort? Will it be sufficient to prevent the next bubble and crisis? Or is this only a political operation to placate an angry population? Clearly, the sum total of new rules and regulations once fully implemented would prevent a crisis of the same form and nature as the last one. But will it prevent the next one? That is the question.

[…] Read more