The Sorensen Report

The Sorensen Report is a significant document that evaluated the response to the 2007-2008 financial crisis, focusing on the weaknesses in regulatory frameworks and financial systems. Commissioned by the Group of Thirty, it emphasized the need for stronger regulation of financial institutions, better risk management, and increased transparency in the financial markets. The report recommended reforms to prevent future crises, advocating for international cooperation among regulators and improved oversight of complex financial products. Overall, it aims to enhance financial stability and protect against systemic risks in the global economy.