Contents
Foreword
Acknowledgments
Q&A - Roger T. Cole, US Federal Reserve Board
Opinion - James Kwak
Book Review – Robert Pringle
Regulatory update - Courtesy of Linklaters

Articles
Financial crises, sunspots and policy responses
Dr John C. Pattison
Some principles to consider in future regulatory reforms
Dr Eric S. Rosengren
Complexities of cross-border supervision within the EU
Kerstin af Jochnick
Solvency II set to radically alter insurance supervision in Europe
Raphael Borrel & Michel de la Belliere
Validating internal models under the solvency II Directive
Dr Paolo Cadoni
Solvency II: Wounded, but still alive and kicking
Robert Jones
Good governance and hedging make successful partners
Dr Heong Wee Chong
A question of liquidity: The great banking run of 2008
Dr Evan Sekeris & Dr Judit Montoriol-Garriga
Valuation: Is this a new class of risk
Philippe Carrol
Bank lending realities are at odds with political demands
Matt King
OpRisk: Adding value between regulation and turmoil
Dr Robert Huebner
'Fair value' accounting: A regulatory and risk perspective
N.S. Venkatesh

TRANSCRIPT:
An Evening Dialogue with Roger T. Cole -
Director of Banking Supervision and Regulation,
The Federal Reserve Board
ON the evening of November 20, 2008, Roger T. Cole was joined in a panel debate with Simon Topping, Principal, KPMG China; Rita Yeung, Head of Banking Policy, Hong Kong ...