Viljanen is able to compare and contrast the world of approaches to redefining banking regulation after the global financial crisis of the early 2000s. Of note, the US, the UK, EU, and Germany within it are given as examples of the varying ways that regulation of banking was either effective, or not to this point. Aiding the efficacy of the chapter, the author does not give a prescription for which is the best regulation for all cases, instead recognizing that the deft and variety of the regulation aids in each situation and nation as each have differing levels of tolerance for the risks associated with the banking industry. Curiously, the chapter is able to weave in a discussion as to whether the political ideology of neoliberalism has become effectively neutered as a result of the global financial cases, citing that many of the policies that have been tamed by further regulation were once very popular amongst politicians having neoliberal tendencies. The tolerance that Viljanen asks the readers to investigate is to what point have regulations on the banking industry been effective, and whether further regulation will do anything to curb the high-risk behaviors that have resulted in the global financial crisis that some nations have truly yet to come out from under.
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