The Financial Crisis and the Future of Financial Regulation

The financial crisis and the future of financial regulation
Executive summary
The outburst of the global financial crisis caused by the subprime crisis in America makes it necessary to adjust the financial regulation systems. The main financial crises in the history of the mankind were all mainly caused by the defects of the financial regulation in the world. Thus it can be seen that it is very necessary and important to explore the effective means to improve the effectiveness of the international financial regulation. The aim of this report is to explore the future of the financial regulation on the basis of analyzing the financial crisis.

Table of contents
Executive summary 2
Introduction 4
1. Financial crisis 4 1.1 Ingredients of the financial crisis 4 1.2 The causes of the financial crisis 5 1.3 The influence of the financial crisis on the global economy 7
2. Financial regulation 10 2.1 The financial regulation and its economic basis 10 2.2 The role of the financial reguation 11 2.3 The issues in the financial regulation 14
3. The future of the financial regulation 16 3.1 Strengthen the financial legislation and the financial enforcement 16 3.2 Develop the financial innovation and enhance risk consciousness 17 3.3 Realize the international cooperation of the financial regulation 17 3.4 Strengthen the information disclosure 18
Conclusions 18
References 20
Introduction
The financial industry is the core of the modern economic system. With the development of the economic globalization, the costs and transaction expenses of the financial globalization were reduced and hence it prompted the development of the financial globalization. The financial globalization can bring a lot of economic profits for the financial institutions but also improve the possibility of the financial crisis in the world. Therefore, it is necessary to improve the effectiveness of the financial regulation. In this report, the relevant

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