Although the world of banking and finance is becoming more integrated every day, in most aspects the world of financial regulation continues to be narrowly defined by national boundaries. The main players here are still national governments and governmental agencies. And until recently, they...

In the decades preceding the Great Crisis of 2007-2009, banking systemsunderwent a profound transformation, progressively moving awayfrom a type of banking centred on personal relationships towards onebased on more standardised and impersonal rapport. It was thought that,through this...

The turbulence in the international financial markets in the 1980s inspired the idea that independent academics might be in a position to make a contribution to the improvement of regulation and thus ultimately also to the stability of the national financial sector in the United States. This led...