The new Basel capital rules... the implementation of Gramm-Leach-Bliley and the modernisation of US regulations... the UK Financial Services and Market Act... the European Union's action plan for financial services liberalisation in Asia... Japan's new regulatory systems... the regulation of internet marketing. Each of these critical development directly affects practitioners and regulators around the world. However, amid noisy and protected wrangling, its is easy to lose track of the key developments actually happening in the regulatory frameworks governing the world's major markets. Often, proposed changes are quietly dropped or amended out of all recognition. It is hard to keep track of the developments which actually matter. The contributors to this wide-ranging collection are themselves intimately connected with the business of regulators, professional analysts, legal advisors and academics. Authors including recognised experts such as Michael Foot, managing director of the UK Financial Services Authority, Lee Hsien Loong, president of the Hong Kong Monetary Authorities and Patricia Jackson from the Bank of England. These experts put the key regulatory of the recent perspective and spell out their implications both for the capital market practitioners and for regulators in the other jurisdictions. Jurisdictions covered include the US, UK, Japan, Germany and the European Union and major Asian markets like Singapore. The survey also review the developing working agendas of the major international regulatory fora and presidents a detailed examination of the implications of the Basel Committee's new capital accord. Increasingly, key regulatory decisions are taken at the international level by groups like the Basel Committee, or by the EU institutions. This collection examines the implications of this trend for the major markets.