New Challenges in Regulation of the Financial Sector under the Crisis

Abstract

The current crisis has revealed many gaps in regulation of the financial sector and emphasized the need for major changes in this area that would help to prevent similar crises in the future. Different proposals have recently been presented for discussion. However, they do not cover the whole problem due to the fact that the main task of changing regulation has not been formulated yet. А sub-task of great importance in the context of global markets is the development of supranational regulation.