The Future of Financial Regulation

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.