Don't know and frankly it doesn't really matter as long as they will keep acting as a bunch of hippocrits, for quite sometime now from London to NYC and Washington a lot has been done to try to avoid crisis, to deny these efforts just undermine the tepid recovery and can only worsen the recession in the eurozone. I suggest this address to have a better idea of what has been done before and since 2008 including the major overhaul  of 2002. http://www.sec.gov/about/whatwedo.shtml  

It gives a very good idea of the regulation in place and France is free to enter a similar process of public hearings to find how it can improve, in this case, create and adopt a legislation to protect investors, maintain market integrity and facilitate capital formation which is a major problem in the french economy undermining any effort to boost the economy.
Add a visit here www.sipc.org
Situations differ from one country to another and legislation in place in the US may need to be adapted but from the tax exempt muni market doing so much for communities whether they are rural or urban, bonds and stock markets financing small and middle sized companies to mortgages securitization, innovative finance has done so much to grow the US economy and allowed so many communities to improve or create municipal equipments that when in search of a new economic deal, it is worth looking at the pioneers of innovation rather than repeat the ugly jacobinism in finances and else that has failed again and again and again.