The future of financial regulation: lessons from the global financial crisis

Michael E. Drew*

*Corresponding author for this work

Research output: Contribution to journalArticlepeer-review

2 Citations (Scopus)

Abstract

This issue of the Griffith Law Review considers the future of financial regulation following the global financial crisis (GFC). The GFC has tested long-held assumptions and conventional wisdom regarding the integrity of the global financial architecture. The impact on investors of consecutive years of downside volatility requires the dawn of a new paradigm in financial regulation. This doesnʼt mean a routine review of systemic risk factors, a recalibration of regulatory agencies or another variant of the Value-at-Risk model; instead, the GFC has represented a structural break, a tectonic shift that requires new and coordinated approaches to regulation.

Original languageEnglish
Pages (from-to)1-5
Number of pages5
JournalGriffith Law Review
Volume19
Issue number1
DOIs
Publication statusPublished - 1 Jan 2010

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