Book review: Reforming the governance of the financialsector

Many financial institutions have in recent years failed: failed either completely, and gone into bankruptcy; or failed in the sense that they have not achieved what their owners or their customers expected them to deliver. This collection of papers aims to consider how the governance of the financial sector by the authorities can be improved, and how the governance of firms and institutions within the sector can be improved to minimise the probability and cost of future crises. Roger McCormick believes the book contains some excellent material and, despite the over-ambitious title, is a worthwhile contribution to one of the most vexing issues of our times.