In our initiatives to examine the consequences of post-crisis reform, the academic community can help advance the field with analytical tools and critical insight. The financial crisis exposed fault lines in the financial system that had to be addressed immediately, comprehensively, and vigorously.
The body of post-crisis regulation that resulted was founded on the work of academics, including important papers published in the JMCB, and involved the energy and efforts of many standard setters, regulators, supervisors, and central banks. It was an exemplary feat of cooperation and coordination, and it has unquestionably made the financial system safer and more resilient.