Financial regulators tighten grip on banks with series of rule changes


The financial crisis of 2007–2008 triggered a global economic slump, the likes of which had not been seen since the Great Depression. Given its severity, governments and regulators were never going to allow the banking sector – which many believe was instrumental in the crisis – to go about its business as if nothing had happened. If 2008 and 2009 saw regulators focused on identifying the causes of the meltdown, 2010 is the year that has seen the introduction of measures to ensure such a calamit