Financial Regulation International
Challenges and weaknesses of global financial architecture and how they can be overcome
Causes and lessons from the global financial crisis
This article analyses in its first section, the fundamental causes of the global financial crisis of 2007–2009 (hereinafter,
GFC), and the key lessons learned in its aftermath. Moreover, it explains the most significant lessons stemming from the GFC
and develops a series of steps that should be taken to address these lessons. The causes of the GFC have been categorised
into four groups according to their source.