Each was called upon to reform financial
regulation during the crisis.
Not exact matches
If you recall,
during one of her final speeches at the Jackson Hole symposium in August, Yellen defended the strict, broad - based financial
regulations put in place after the financial
crisis — Dodd - Frank included.
The signature event of the Brown government, the financial
crisis of 2007 - 2008, was a direct consequence of the light - touch, risk - based approach to financial
regulation adopted by Gordon Brown and Ed Balls
during their decade at the treasury.
We had many
crises during the gold standard in the 19th century, none as bad as the Great Depression, but they all stemmed from a lack of bank
regulation.
Bad banking
regulation leads to
crises, which we have as much today as
during the Great Depression, and the panics preceding it.