Answer :
The trend illustrated by the global financial crisis of 2007-2008 is:
Increased regulation of financial institutions.
During the crisis, it became evident that the existing regulatory framework was insufficient to prevent risky behavior and misconduct in the financial sector. As a result, there was a widespread recognition of the need for stronger oversight and regulation to safeguard the stability of the financial system.
Governments and international organizations responded by implementing reforms aimed at enhancing transparency, improving risk management practices, and imposing stricter regulations on financial institutions. These measures were designed to prevent future crises by promoting greater accountability and reducing the likelihood of excessive risk-taking.
Overall, the global financial crisis highlighted the importance of effective regulation in maintaining financial stability and protecting the economy from systemic risks.
Increased regulation of financial institutions.
During the crisis, it became evident that the existing regulatory framework was insufficient to prevent risky behavior and misconduct in the financial sector. As a result, there was a widespread recognition of the need for stronger oversight and regulation to safeguard the stability of the financial system.
Governments and international organizations responded by implementing reforms aimed at enhancing transparency, improving risk management practices, and imposing stricter regulations on financial institutions. These measures were designed to prevent future crises by promoting greater accountability and reducing the likelihood of excessive risk-taking.
Overall, the global financial crisis highlighted the importance of effective regulation in maintaining financial stability and protecting the economy from systemic risks.
