Global Financial Crisis.
In this context, GFC usually refers to the Global Financial Crisis starting in 2007/8, following the perturbances in the US property markets in 2006.
An important impact for treasurers has been the financial services regulation required by G20 members in the form of Dodd-Frank in the USA, EMIR and CRD in the EU, and similar legislation throughout the G20 members.
The Global Financial Crisis is sometimes known as the Great Financial Crisis.
Group Financial Controller.