Whereas the economies of many countries are still experiencing the fallout from the financial from the financial crisis, regulatory reform seems to have settled down. The industry and some economists complain about over-regulation, other economists complain about under-regulation, a continuation of regulatory practices that contributed to the crisis. Discussion at the science breakfast should try to disentangle what the issues are and what is at stake. What has been the contribution of regulation to crisis developments in 2007-2009 and again since 2010? What has changed and what does this change mean? What needs to be done to get out of the malaise in which many financial systems currently are? What needs to be done to avoid a recurrence of financial crises on a global scale?