The global, euro-zone, and Asian financial crises have highlighted the importance of appropriate regulatory design and coverage for financial stability. In particular, in the wake of the global financial crisis the Group of Twenty (G20) and the Financial Stability Board (FSB) and its...

The objective of global regulatory reform is to build a resilient global financial system that can withstand shocks and dampen, rather than amplify, their effects on the real economy. Lessons drawn from the recent crisis have led to specific reform proposals with concrete implementation plans at...

Introduction -- Asia's development model -- Finance in Asia -- Challenges to development & finance -- Financial systems & practice -- Institutional foundations of finance -- Credit risk & commercial banking -- Investment banking & financial innovation -- Debt securities, derivatives & complex...