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This book critically analyses the relationship between central banks and regulatory agencies in light of the global financial crisis. The jurisdictions discussed include the US, UK, Hong Kong, Japan, Australia and India. In particular, the book concentrates on the role of the central bank in the reform process and how it could emerge as a principle regulator in many countries post-crisis whilst balancing the countries' obligations to international regulatory standards. Each chapter provides a critique of all the regulatory bodies tasked with carrying out the regulatory functions of the new banking architecture. This provides for a comprehensive review of all the main regulatory bodies internationally and how they interact with the central banks. In adopting a comparative approach, the book enables the reader to compare and contrast crisis management strategies in both developed and developing countries and to reflect on possible best practice for the future.