Comparison of trends and peculiarities of financial systems in different countries, especially, in emerging markets, should start with setting the global context. The study identifies several periods of development of world financial institutions in the twenty-first century - deregulation...

Regulation of risks in banking is driven by evolution of financial intermediation and markets, and vice versa. The study analyzes a changing nature of financial institutions' regulatory and supervisory trends in emerging markets over last 20 years, providing outlook for the future. Although the...