Abstract: The 2007-2008 financial crisis, as articulated by Msimango (2020) and referencing Dullien, Lotte, Marquez, and Price (2010), Nassif (2007), Verick (2010), Madubeko (2010), Kutu and Ngalwana (2016), and Menicucci (2014), citing Allen and Faff (2012), as well as Chen, Mrkaic, and Nagar (2018), was characterised by a pivotal event: a profound crisis that impacted the global economy and was exacerbated by the precarious collapse of developed financial markets. The United States became the epicentre of global upheaval, highlighting significant issues for central bankers, regulators, and supervisors globally.