The events over the past week bear an eerie resemblance to those of the 2008-9 Global Financial Crisis (GFC). Banks have failed, rumours swirl about the next victim and investors hold weekend vigils awaiting the next alphabet soup solution from banking authorities. So should we be concerned? Is there good reason to think that we are on the cusp of a major financial crisis, and should depositors fear the safety of their money?The GFC sparked significant changes in the regulation of banks across developed markets to shore up the banking system and increase confidence. Banking regulation is an incredibly complex subject with differences across regions. However, the thrust of the regulation has delivered two key changes to banks over the past decade:
