The Limits of Surveillance and Financial Market Failure

Introduction; Kumiharu Shigehara 1. The Limits of Surveillance and Financial Market Failure; Kumiharu Shigehara 2. Global and Regional Surveillance; Andre Icard 3. Surveillance Failure or Systemic Failure?; Lelf Pagrotsky 4. The Role of Surveillance; Val Kromzay 5. Beyond Surveillance: Reducing the Risk of Financial Crises; Paul Atkinson 6. How Should Micro-Prudential Control be Strengthened to Prevent Local and Global Financial Market Failure?; Jeffrey Shafer 7. Financial Market Failures and their Remedies; Carol Sirou 8. On the Connection between Monetary Policy and Regulation of Banking and Financial Markets; Stephen Axilrod 9. Macro-Prudential Policy and Bank Systemic Risk; Blundell-Wignall and Caroline Roulet 10. Risk, Reward and Bank Resilience; Charles Goodhart 11. Can Europe Get its Political Act Together? Alternative Scenarios for the Euro Area; William White 12. More Effective Management of the Euro-Area; Gunter Baer 13. Executive Summary; Robert Price 14. Overview Report; Robert Price and Nicholas Vanston