Domestic regulatory architecture for the protection of financial stability after the GFC: Global order or disorder

[Extract] The Global Financial Crisis (GFC) was a protracted and hard-hitting crisis that personified disorder. its disruptive effects were widespread, its reach was geographically broad, and it fundamentally affected companies, industries, and the personal lives of large numbers of people all over the world. The crisis resulted in the loss of equity, share value, credit ratings and, on a more personal level, jobs, money, homes, and even families.