So it is undoubtedly an historical event of the first magnitude, the worst financial crisis since the Second World War. It could have produced a great depression had appropriate decisions not been taken at the appropriate.
So, we need a regulatory environment that is conducive to new entry, including by those who are able to harness new technologies to reinvent how things are done. A second area is the nature of the incentives to innovate and to start new businesses. These incentives are affected by the tax system and the regulatory and legal systems.