The recent global recession and financial crisis arose largely from inadequate regulation and insufficient enforcement of current regulations in the banking and finance sectors.

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The global recession and financial crisis that occurred in 2008 were largely a result of inadequate regulation and lax enforcement of existing regulations in the banking and finance sectors. This led to risky behavior by financial institutions, a housing bubble, and ultimately, a collapse of the financial system. Many regulatory reforms have since been put in place to prevent another crisis from occurring.

The Recent Global Recession and Financial Crisis Arose Largely from Inadequate