Under the auspices of the Financial Stability Board, more than 30 recommendations have been set out as part of a massive and far-reaching G-20 financial regulatory reform package to ostensibly minimize risk in the financial system and maximize consumer protection….Indeed, the call for increased regulation follows in the wake of every major crisis, and no call was made with more ardor than the call for increasingly tight and comprehensive regulation of the financial sector. How will these regulations impact economic growth and global economic security?
