THE FUTURE OF FINANCIAL REGULATION Lessons from the Global Financial Crisis

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 doesn't 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.