This memorandum summarizes the most important proposals for financial regulatory reform in the US and Europe (notably, both pan-European and UK), as well as in international fora. The various approaches in contemplation so far appear to have two main objectives: first, decreasing the likelihood of a similar financial crisis recurring; and second, ensuring that the costs of any future failure are not borne by taxpayers but by the failing institution and the financial sector more generally. The memorandum takes into account key proposals that have emerged since the publication of the first version on March 24, 2010.
View full memo, "Global Financial Regulatory Reform Proposals: An Overview (v2)"