This collection of essays provides important insights into a number of aspects of financial regulation which will be of lasting value. The authors are leading figures from regulatory bodies, financial markets and academia. There are several issues on which all the authors are broadly agreed: market discipline is important, regulators should not attempt to eliminate risk, and there are great benefits from financial liberalization and globalisation. The essays offer different perspectives, however, on the correct regulatory response to financial crises, how the EU should manage regulation, and other issues of importance to the future of international financial markets. It is increasingly common for books and papers on regulation to focus on detail and to be highly specific and technical. While "The Regulation of Financial Markets" does not ignore the detail, it also considers fundamental and practical issues in regulation and provides a valuable broader perspective.