Crisis and the reform of international financial regulation

What began in the summer of 2007 as a problem in a relatively unknown segment of the US housing finance market has very quickly turned into the most severe global financial crisis since the 1930s. The impact of this crisis has escalated far beyond its point of origin, affecting countries around the world, and spilling over from the financial system into the real economy. The implications of this shock are wide-ranging and still difficult to fully understand. In this book, we explore one of the most important consequences so far: the influence of the crisis on the international regulation of financial markets.