The reputational damage from governance scandals can very rapidly turn into financial damage for banks and their shareholders.

Liquidity has the unpleasant habit of vanishing when it is needed most, and liquidity requirements for banks have the potential to make this problem work. The recent decision of the Basel Committee to broaden the set of assets eligible for the liquidity coverage ratio alleviates some of the issues – but more work is needed.

While regulation provides strong impetus to improve risk management systems, banks can use it as an opportunity to improve their strategy and overall competitiveness.

Bank failures, especially in emerging markets, tend to have common characteristics that resist the best efforts of regulators.

The UK's Funding for Lending Scheme may be a politically attractive way to incentivise banks to step up lending to households and companies, but it could have some unintended side-effects.

Greater use of secured funding, depositor preference and bail-in regimes mean that bank failures and defaults on unsecured bank debt are likely to converge, while recoveries fall.

The troubled past of some securitisation products is making the comeback of this financial tool in Europe slow and fragile, but unless a bridge can be built from the current situation to an active securitisation market, the hopes for any growth in the continent will dim dramatically. Maybe the new Prime Collateralised Securities label can be that bridge.

Banks in the United Arab Emirates are generating decent profits, but there are still significant underlying risks in the operating environment that all market participants need to address.

The financial crisis has highlighted the need for more efficient processes to indemnify bond trustees so that they can consider litigation against a defaulting issuer more rapidly.

As money-laundering is a cross-border problem, banks and regulators need to take a global approach to control the risks effectively.