Continuing collaboration between local and global authorities  I would now like to turn to the importance of continued collaboration by regulatory authorities. Given the fast pace of change and the global nature of these innovations, collaboration between regulators is important. 9  On 6 May 2010, a ‘Flash Crash’ occurred in the US markets.
One of the most relevant features of the current turmoil has been the role of uncertainty both within the financial sector and toward the financial sector.