Systemic risk now occupies centre stage in discussions of bank regulatory reform. Systemic risk is often seen as a problem of size, operational complexity, interconnectivity and contagion. It is less often discussed in terms of the institutional framework of legal rules and principles within...

"Systemic risk" now occupies centre stage in discussions of bank regulatory reform. Systemic risk is often seen as a problem of size, operational complexity, interconnectivity and contagion. It is less often discussed in terms of the institutional framework of legal rules and principles within...

Foreword / François-Charles Laprévote, Cleary Gottlieb Steen and Hamilton -- The special nature of banks and its challenges for competition policy / Ioannis Kokkoris -- Competition, stability and moral hazard: the tension between financial regulation and State aid control / Joanna Gray and...