Weak regulation and supervision mean that financial institutions are at risk, especially if market behavior is weakened by the existence of a government safety net.
The factors contributing to the financial crisis include systemic failure, unforeseen or uncontrollable human behavior, high-risk incentives, lack of control or failure, or infections that can spread the spread of virus-like problems from one institution or country to another.
Thus, this is the way weak financial regulation and supervision play in causing financial crises.
learn more about financial crises here:
https://brainly.com/question/16687040
#SPJ1