Topics: - The impact of government ownership of banks on efficiency, credit and financial stability - Politics and banking - Subsidies implicit in the financial safety net, and how to eliminate them - How to cope with the too-big-to-fail and too-complex-to-fail phenomena - The fiscal costs of...

Over the past few decades ties between financial markets worldwide have become stronger as a result of developments in IT, the liberalization of financial markets and increased cross-border competition among financial intermediaries. The developments in the payment and securities settlement...