Waning Memory of Financial Crisis Brings Less Stringent Regulations

Waning Memory of Financial Crisis Brings Less Stringent Regulations

Legislators and regulators around the world strengthened financial regulations following the 2008 financial crisis that helped cause the 2009 global recession and contributed to the severity of the 2007-2009 US recession. However, as the financial crisis recedes from memory and as some participants in the banking industry voice complaints that regulations are preventing them from lending more aggressively, Congress and regulatory agencies have taken steps to curtail some regulations.