The latest financial crisis clearly underscored that financial markets need strict and prudential regulation. Otherwise, they cannot perform their function of serving the real economy, and the stability of the financial system could be put permanently at risk. A prosperous economy needs a healthy and efficient financial system. Well-designed financial services help economies to grow.
We know, for example, that location presents thorny challenges for many low-wage workers. Within metropolitan areas, jobs are not spread out evenly and job creation tends to be depressed in low-income communities. As a result, many low-wage workers face long commutes and serious commuting difficulties due to less reliable transportation and an inadequate transportation infrastructure.