This paper discusses how financial regulators and competition agencies have co-operated to implement a regulatory and competitive framework that delivers a stable system in which innovative and efficient firms can thrive to the benefit of consumers. To do this, the paper starts by describing the...

Summary of main themes : Reform principles ; Exit strategy principles -- Priorities for reforming incentives in financial markets: Strengthen the regulatory framework ; Focus on integrity and transparency in financial markets ; Strengthen capital adequacy rules ; Strengthen understanding of how...

The financial crisis required governments to make massive interventions in their financial systems. This book sets out priorities for reforming incentives in financial markets as well as for phasing out these emergency measures.