Foreword
Nout Wellink
President, the Netherlands Bank and Chairman, Basel Committee on Banking Supervision

Lessons of the Credit Crash
David G. Mayes, Robert Pringle and Michael Taylor
Advisor to the Board, Monetary Policy and Research Department, Bank of Finland; Chairman, Central Banking Publications; Advisor to the Governor, Central Bank of Bahrain

The regulatory regime and the Basel capital requirements
Charles Freeland
Former Deputy Secretary General, Basel Committee on Banking Supervision

Research in and policy for financial stability – what have we learnt?
E. Philip Davis and Dilruba Karim
Professor, Brunel University; Lecturer, Brunel University

The new banking and financial system
David T. Llewellyn
Chair, Money and Banking, Loughborough University

The development of financial regulation and supervision in Europe
Andrea Enria
Deputy Head, Regulation and Supervisory Policy, Bank of Italy

An historical perspective on the crisis
Michael D. Bordo
Professor of Economics and Director, Center for Monetary and Financial History, Rutgers University

Behind the US subprime mortgage crisis
James R. Barth, Tong Li, Triphon Phumiwasana and Glenn Yago
Milken Institute

The Northern Rock saga
David G. Mayes and Geoffrey Wood
Advisor to the Board, Monetary Policy and Research Department, Bank of Finland; Professor of Economics, Cass Business School

The challenge to EU financial regulation
Kern Alexander
Director, Research in Financial Regulation, Centre for Financial Analysis and Policy, University of Cambridge

Regulatory action and military command: a parallel
Andrew Sheng
Chief Advise, China Banking Regulatory Commission and Board Member, Qatar Financial Centre Regulatory Authority

Originate to distribute
Michael Taylor
Advisor to the Governor, Central Bank of Bahrain

Transparency, disclosure and accounting rules
John Tattersall
Chairman, Financial Services Regulatory Practice, Banking and Capital Markets Technical Forum, PricewaterhouseCoopers LLP

Large complex financial institutions: too big to manage? Too big to regulate?
Clifford Smout
Associate Partner, Deloitte's Financial Services Advisory Group

“Too big to fail” and the market turmoil of 2007 and 2008
Gary H. Stern and Ron J. Feldman
President and Chief Executive Officer, Federal Reserve Bank of Minneapolis ; Senior Vice President, Supervision, Regulation and Credit, Federal Reserve Bank of Minneapolis

Bank insolvency: the last frontier
Eva Hüpkes
Head, Regulation, Swiss Federal Banking Commission

Deposit insurance, banking resolutions and moral hazard: considerations in system design
Michael Krimminger
Special Advisor for Policy to the Chairman, Federal Deposit Insurance Corporation

Resolving cross-border bank problems
David G. Mayes
Advisor to the Board, Monetary Policy and Research Department, Bank of Finland

Key issues for regulators and supervisors
David T. Llewellyn
Chair, Money and Banking, Loughborough University

Strengthening regimes for controlling liquidity risk: some lessons from the recent turmoil
Nigel Jenkinson
Executive Director, Financial Stability, Bank of England

Devastating liquidity effects of financial regulation and marketing microstructure
Avinash D. Persaud
Chairman, Intelligence Capital Limited

Bonuses and the credit crunch
Peter Sinclair, Guy Spier and Tom Skinner
Professor of Economics, University of Birmingham; Principal, Aquamarine Capital Management LLC; Managing Partner, Redbrick Partners

Insurance harmonisation and the globalisation of financial markets
Roger Ferguson
President and Chief Executive Officer, TIAA-CREF

Hedge funds
Hadia Ibnabdeljalil, Cedric Jacquat and Imène Rahmouni-Rousseau
Research Associate, Financial Stability and Markets Division, Banque de France, Head, Financial Stability and Markets Division, Banque de France

Credit rating agencies – their role in the last crash and their regulation
Avinash Persaud
Chairman, Intelligence Capital Limited

Derivatives and systemic risk – friend or foe?
Clive Briault
Former Managing Director, Retail Markets, UK Financial Services Authority

The regulation of company and trust services providers
Richard Pratt
Former Director General, Jersey Financial Services Commission

The changing nature of systemic financial risk
Garry J. Schinasi
Advisor, Monetary and Capital Markets Department, International Monetary Fund

The lender of last resort in the safety net
David G. Mayes
Advisor to the Board, Monetary Policy and Research Department, Bank of Finland

Can market discipline be restored? Lessons from the subprime crisis
Clas Wihlborg
Chair, International Business, Argyros School of Business and Economics, Chapman University and Professor of Finance, Copenhagen Business School

Lessons for banking and market regulation in Asia
Andrew Sheng
Chief Advise, China Banking Regulatory Commission and Board Member, Qatar Financial Centre Regulatory Authority

The Spanish approach: dynamic provisioning and other tools
Santiago Fernández de Lis and Alicia García Herrero

Supervisory lessons from the market turbulence
Charles Freeland
Former Deputy Secretary General, Basel Committee on Banking Supervision

Two industry views of the market turmoil
Gillian G.H. Garcia
International Financial Consultant, Gillian G.H. Garcia Associates

The macroprudential approach to regulation and supervision: where do we stand?
Claudio Borio
Head, Research and Policy Analysis, Bank of International Settlements

Bank fragility: perception and historical evidence
George G. Kaufman
John F. Smith, Jr. Professor of Finance and Economics, Loyola University in Chicago and Co-Chair of the US Shadow Financial Regulatory Committee

Some new directions for financial stability?
C.A.E. Goodhart
Financial Markets Group, London School of Economics

Financial turbulence and structural change in wholesale banking
Ingo Walter
Seymour Milstein Professor of Finance, Corporate Governance and Ethics, Stern School of Business, New York University

The future of the single regulator model
Michael Foot
Chairman, Promontory Financial Group (UK) Ltd

The US Proposals for regulatory reform
Jeroen Kremers and Dirk Schoenmaker
Director, Economic Research, Sector Research, Government Affairs, Emerging Markets and Multilateral Organisations and Sustainability Departments, ABN AMRO; Director, European affairs, Competition and Consumer Policy, at the Dutch Ministry of Economic Affairs

The future of banking regulation and supervision in Europe
John Berrigan, Vitor Gaspar and Patrick Pearson
Head, Financial Sector Analysis Unit, DG ECFIN, European Commission; Head, Bureau of Policy Advisers, European Commission; Head, Banking and Financial Conglomerates Regulation Unit, European Commission’s Internal Market Directorate General