Reforms and regulations postcrisis from "summary" of Too Big to Fail by Andrew Ross Sorkin
Following the financial crisis of 2008, policymakers scrambled to implement a series of reforms and regulations aimed at preventing a similar disaster from happening again. The crisis laid bare the vulnerabilities and interconnectedness of the global financial system, prompting calls for increased oversight and accountability. Key among the reforms was the Dodd-Frank Wall Street Reform and Consumer Protection Act, which sought to address some of the root causes of the crisis. The legislation aimed to rein in risky behavior by financial institutions, increase transparency in the derivatives market, and establish a framework for winding down failing institutions without taxpayer bailouts. Another major area of focus was the regulation of systemic risk, with policymakers looking to identify and address vulnerabilities in the financial system before they could trigger another crisis. This involved greater coordination among re...
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