The financial crisis of 2008-2009 showed that financial crises can have a big impact on the economy. As a result, there have been changes in regulations for financial institutions worldwide. These changes include things like stricter rules on how much money banks need to keep, new ways to deal with failing banks, and better oversight of financial markets. The penalties for breaking these rules have also increased. Overall, financial regulations are important to fix problems in the market and protect the economy.