Financial market reforms after the crisis of 2007-2008 : a comprehensive approach

The financial crisis of2007-2008 was the cause of regulatory initiatives undertaken at all levels - from national to the global financial market. Regulations covered many aspects of the functioning of these markets. The article describes new regulatory initiatives. It presents the changes at the global level, in the European Union and the financial market reform in the United States. The main conclusion is that despite the implemented reforms, in the functioning of financial markets are still many areas requiring further regulations.