Global Financial Crisis
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(GFC).
The Global Financial Crisis usually refers to the global financial crisis starting in 2007/8, following the perturbances in the US property markets in 2006.
The GFC is sometimes referred to as the crisis of 2008, the Great Financial Crisis or even simply "2008".
In Europe, especially in the Eurozone, it is often conflated with the 2009 crisis of the Eurozone that was unrelated, but was somewhat accelerated and aggravated by it.
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.
