Conclusion: Towards a New Global Financial Regime?

Abstract

Who is in charge of controlling the international banking system? Who should decide what represents an irresponsible behaviour by financial institutions? Is there anything like an international regulatory regime for the financial sector? Do we need one? Is it feasible to establish one? Similar concerns inform all the contributions to the present publication and the answer to these questions will define the future of the international financial structure. Of course, similar questions may be posed also at a national or at a regional level but, in any case, addressing these issues is precisely what is required to be able to evaluate the global crash in an appropriate way.