Contributor(s): Dr Simeon Djankov | The recent financial crisis has uncovered several weaknesses in Europe's regulatory system. Belatedly, the European Commission has tried to fix these weaknesses with extensive new regulation, including the creation of several new institutions. Simeon Djankov Deputy Prime Minister and Minister of Finance of Bulgaria will in this lecture offer an analysis of the most recent developments as well as a perspective on how the financial sector in Europe, and its regulation, will look like in the coming years.