Over a decade has passed since the onset of the largest global economic crisis since the Great Depression. The crisis revealed major shortcomings in market discipline, regulation, and supervision. At a launch event on November 6, Asli Demirgüç-Kunt, Chief Economist of the Europe and Central Asia Region of the World Bank, discussed the key findings of the Global Financial Development Report 2019/2020: Bank Regulation and Supervision a Decade after the Global Financial Crisis. Drawing on 10 years of data and analysis, the report provides new data and evidence on the regulatory remedies adopted to prevent future financial instability and sheds light on ongoing policy debates.
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