Lessons of the global financial crisis for the regulation of investment banksInvestment banks enable individuals, institutions such as corporations and governments to raise capital by offering underwriting services or working as Client agents in offering securities or in both roles. Investment banks play a very important role in stimulating investment in the United States by both individuals and companies. Over the last decade the global financial environment has undergone numerous changes, as can be witnessed by the main economic indicators. These changes have had a significant impact on various stakeholders such as financial markets, money markets, capital markets and overall micro and macroeconomic players. Countries have been hit by recession and economic collapse. The impacts of these changes are different across countries, trading blocks and regions. Due to these changes, the key risks facing the global financial system have shifted. For example, the European region that was affected by the recent Eurozone crisis has seen positive political developments and improved economic prospects over the past year. In order to mitigate the effects of current changes and at the same time adequately prepare for any future unexpected changes, industry stakeholders have enacted laws to guide the contacts of all actors. Of all the changes in the financial environment, the global The financial collapse of 2008/09 remains the most severe globally across all sectors of the economy. The global financial crisis began as a subprime mortgage market crisis in the United States in late 2007. In 2008, the global financial and economic crisis caused a recession among industrialized countries, leading to the decline of paper. .....illegal operations or manipulations of their operations as occurred when they relied on manual operations. Therefore the global financial crisis has changed the entire financial sector by putting in place measures to strengthen financial institutions and at the same time protect them from any future financial crises. This improved customer confidence and helped bring the operations of these financial institutions back to normal operating levels. Regulators should maintain a careful overview of their operations to ensure they comply with these regulations. ReferencesPodoliakova, K, 2012, Impact of the global financial crisis on the investment banking industry, accessed 28 May 2014, < http://iccbif.kbmf. nhf.euba.sk/files/18%20Impact%20of%20the%20Global%20Financial%20Crisis%20on%20the%20Investment%20Banking%20Industry.pdf>