Overly strict regulation of financial institutions and tight oversight by government regulatory agencies and private debt rating agencies contributed to the severity of the 2007-2009 financial crisis.

Question

Quizplus · Accepted Answer

The 2007-2009 financial crisis was largely attributed to insufficient regulation and oversight, particularly in the mortgage and financial derivatives markets, rather than overly strict regulation.

Overly Strict Regulation of Financial Institutions and Tight Oversight by Government