<i>Global Credit Review</i> is an annual publication that provides an overview of the most important developments in global credit markets and the regulatory landscape. The third volume provides some critical analysis, reviews the introduction of new regulations and also offers new insights to address...

As a result of the recent financial crisis, there has been significant public debate on the role of the financial sector in bringing about the ¡°Great Depression.¡± More generally, there has been debate about whether the current industry structure has enhanced social welfare or served a...