10 year anniversary of the credit crunch

This week marks the 10 year anniversary of what many would class as the beginning of the credit crunch.
No-one needs reminding of the events that took place during that time but what have we learned 10 years on?
The main difference to the mortgage market is the tightening of regulation, with the FCA implementing and enforcing a number of major changes on mortgage lenders.
The one goal in mind was to ensure a credit crunch never happened again and although some would say mortgage regulation is now too strict the changes have restored market stability and confidence.
We have a market place that has been on a long road to recovery and experienced some of the lowest interest rates ever seen. We now have a stable, robust financial system that should reinforce consumer confidence for the long term with controls in place to protect consumers should there be another down turn.