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When the first edition of this book was published in mid-2010, banking regulation seemed to be undergoing a transformation driven by a reasonably coherent international agenda. Events have since conspired to make the situation considerably more complicated. Achieving many of the regulatory reforms agreed in principle at the 2009 meeting of G20 leaders in London has proved to be a far more complex and difficult task than expected, while sovereign debt concerns have assumed centre stage. As international banking groups were grappling with the practical realities of regulatory reform, the past year saw politics intervene in ways that have now made the debate about the direction of regulatory reform in the banking sector more complicated.
The Banking Regulation Review is an annual publication that offers a broad and commercial study of the legal developments of the banking industry in the key markets around the world. Each contributor to The Banking Regulation Review is highly distinguished in their field and provides an overview of the most important legal and market developments of the past year and sharp legal analysis of the distinguishing features of their home forum. Helping practitioners achieve a better understanding of practice beyond their borders, this third edition of the review covers 55 different jurisdictions and includes two overview chapters focusing on regulatory developments in the EU and internationally.