In the event of a crisis, the best way to implement drastic changes in the financial market – and this also applies to other areas – is through legislation and/or administration. In other words, a crisis provides the impetus for changes that would otherwise be difficult to implement. This was demonstrated by the financial crisis that emerged from the 2007 subprime crisis, at the height of which many postponed projects could be realized and even legal provisions could be achieved, for example with regard to the level of salaries of executives. The far-reaching German Financial Market Stabilization Act also passed through the legislative organs in record time. – See Adjustment pressure.
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