Trust and confidence in the Anglo-Saxon model of regulation have evaporated so much as a result of the financial crisis that Asian policy-makers are now beginning to rethink key issues about regulation from first principles.

Heavy-handed regulatory reform in response to the financial crisis runs the risk of damaging the economy further. A measured response that accepts a certain level of risk makes good fiscal sense and will be a more sensible outcome.

Danièle Nouy, secretary-general of the Banque de France's Banking Commission

Distinguishing between banks' funds and shareholders' equity has become increasingly difficult as the rise of hybrid capital instruments has introduced grey areas to the financial sector. Writer Charles Piggott

The competitive landscape has been redrawn by the crisis, with collapsed firms being snapped up and others retrenching. Commercial banks are taking a larger piece of the pie, writes Suzanne Miller.

As US regulators set about tightening the rules on commodity derivatives trading, banks fear the changes may do more harm than good. Geraldine Lambe reports.

The next time economic disaster strikes, the EC wants an EU-wide way of dealing with the fallout. But the framework it suggests is highly complex. Writer Michael Imeson

Anthony Belchambers
CEO, Futures & Options Association

Regulatory bodies are directing their might at systemic weaknesses within the financial system, but there is a chance that they might go too far in chasing the wrong priorities.

Global regulators are drawing up tougher capital adequacy standards, but German banks do not like what they are seeing. Writer Michael Imeson

By the end of the year, Ireland's government will start buying up €90bn of highly risky land and property loans, much to the relief of the country's struggling banks. Writer Michael Imeson