In the shape of Basel III, the rules are in place to help ensure that banks and supervisors are better equipped to deal with the next financial crisis. However, it is implementing these rules that is key.

With the West’s financial collapse in 2008, Asia’s banking systems are in search of a new regulatory model. They are keen that their financial sectors should not dominate the real economy. 

One of the key facets to Europe emerging from its current malaise lies in the creation of a market in which its social businesses – innovative entrepreneurs that make up about 10% of the continent’s companies – can thrive, unencumbered by red tape, lack of finance or regional boundaries. The European Commission is on the case. 

HSBC has not suffered in the global financial crisis as badly as many of its UK counterparts, and it is already well established in the high-growth emerging markets likely to dominate world trade in the coming decades. However, the bank's new chief executive still believes it could be offering better value to HSBC investors.

The Chinese banking sector may have emerged relatively unscathed from the financial crisis, but regulatory reform is still high on its agenda, meaning that the China Banking Regulatory Commission has been keen to stay one step ahead of the game by introducing a new set of regulatory standards in the first half of 2011, which placed a strict emphasis on liquidity.

Central bankers in emerging markets are discovering that they cannot achieve the twin goals of price and financial stability with the single tool of short-term interest rates.

After the Arab Spring uprisings, Tunisia's new democratically elected government has the task of attracting investment to the country and creating jobs for its youthful population. Its Jasmine Plan, which heavily involves the private sector, is intended to do just this.

Banks are swapping assets in a bid to transform illiquid assets into liquid, highly rated assets that are eligible for repo. But do regulators fully understand the implications and fears that banks are repeating the mistakes of past, and just who has all the repos?

There is a feeling in some circles that as the East rises, the West must simultaneously decline. But why? Rising prosperity in Asia means more opportunities for businesses and banks in North America and Europe, and the only ones to suffer will be those who continue to think along 'East versus West' lines.

After a turbulent year across the Middle East and north African, Bahrain's finance minister describes how his country is finding stability again as its banks and businesses continue to innovate.