Institutional and regulatory changes in the financial markets after the crisis emergence (2007-09)

In this paper we analyze the most likely and the most desirable developments in financial markets and in a broader sense, the most desirable regulation of the financial sector. The purpose of the essay is in fact to analyze the most important issues of financial regulation and to highlight that finding the most desirable solutions are particularly difficult. These difficulties come from purely technical reasons, the multi-dimensionality of the analyzed problems, but also some aspects of the methodology and philosophy under the current methodological approach for financial regulation.