In Managing to the New Regulatory Reality, author Gregory Wilson provides important lessons for private sector management, specifically financial services firms, as well
as lessons for policymakers, regulators, and our political economy that will shed light on how we go from bubble to crisis, regulatory reform, and economic readjustment. Broken down into
four parts, this book briefly reviews the causes of the 2008 financial crisis (market, regulatory, and international failures) and assesses their impact on multiple stakeholders; describes
and analyzes the impact of the immediate policy and regulatory reactions on financial institutions that the crisis response triggered (in 2008, primarily U.S., but also G20); explains the
legislative policy and process response, and then describes the resulting new regulatory reality for managers of financial institutions (evolving from the Obama Administration proposals through
the Congress, but also including new G20 global standards, all of which should be enacted by 1Q2010); and finally concludes with an assessment of the new regulatory reality as
well as the new U.S. and G20 regime that will govern financial institutions risk management and competitive behavior for the foreseeable future.
