From the IMF bookstore:
The IMF, with the Bank for International Settlements and the Financial Stability Board, has been at the forefront of discussions on reform of the global financial system to reduce the possibility of future crises, as well as to limit the consequences if they do occur. The policy choices are both urgent and challenging, and are complicated by the relationship between sovereign debt and risks to the banking sector. Building a More Resilient Financial Sector describes the key elements of the reform agenda, including tighter regulation and more effective supervision; greater transparency to strengthen market discipline and limit incentives for risk taking; coherent mechanisms for resolution of failed institutions; and effective safety nets to limit the impact on the financial system of institutions viewed as "too big to fail." Finally, the book takes a look ahead at how the financial system is likely to be shaped by the efforts of policymakers and the private sector response.
Ceyla Pazarbasioglu is Assistant Director in the IMF's Monetary and Capital Markets Department, in charge of the work on financial sector regulation and supervision and crisis management.
Aditya Narain is Division Chief, Financial Sector Analysis, in the IMF’s Monetary and Capital Markets Department.
Inci Otker-Robe is the Chief Technical Specialist in Finance for Development in the Financial and Private Sector Development Network (FPD), The World Bank. Ms. Otker-Robe, a Turkish national, is the second Chief Technical Specialist under the Knowledge Council-sponsored program aimed at strengthening the Bank's technical capacity in key areas.