Supervision: Sharp focus on tech capability, customer well-being

Yet others cautioned that regulatory reforms stemming from the pandemic will be limited in scope, since unlike the Great Depression of the 1930s and the more recent mortgage meltdown in 2008, this crisis was not caused by nor has it caused an emergency situation within the financial system. “It’s highly unlikely that we’ll see more regulation in the financial system with a nonfinancial crisis,” said Mehrsa Baradaran, a law professor at the University of California, Irvine.