It is a great pleasure to be in Berlin and a very important time to be considering global regulation. It is also a sobering thought that this year marks the tenth anniversary of the start of the global financial crisis. Such a phrase is quite often used to convey a sense that time passes quickly, or appears to do so, when we are enjoying ourselves. That’s not the context for its use in relation to the financial crisis. Rather, I think, it is the opposite in meaning; that ten years on we are still dealing with the consequences and legacy of the crisis, and we are still therefore tested on whether the set of public policies being deployed are fit for the purpose.
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