With the emergence of innovations such as crypto-assets or crypto-tokens, initial coin offerings and other alternate financial services platforms, there is often a ‘grey area’ around the relevance and applicability of current regulatory frameworks. Furthermore, the development of new regulatory regimes, if applicable, requires coordination between regulators. As noted before, such coordination is important in ensuring consistent understanding and approaches between regulators.
An example at hand is the Americans’ review of the Great Recession in 1929. The reviews generated different conclusions right after the recession and in the 30’s and 40’s. And a number of people became Nobel laureates because they found the true causes of the recession through their studies. I am not saying that all that need to be found have been found.