It had impacted all the segments of the global financial markets in terms of heightened volatility, tighter credit conditions, low asset prices and increased write downs. The policy makers, regulators and the sovereigns had to immediately step in and initiate measures to mitigate the impact of crisis.
There have been many measures, both conventional and unconventional, that were taken which provided relief to the badly battered global economy. Just when we thought the crisis was behind us, with economies slowly limping back to normalcy, another crisis hit the World.