The Great Financial Crisis has triggered an ongoing assessment of what went wrong, and what can be done going forward to prevent a similar financial crisis.

This assessment has driven a broad policy response in the realms of monetary and fiscal policy and financial regulation and supervision. To date, the policy response reflects a common recognition that the numerous and far-reaching benefits of financial integration are not without risks, in particular, the risk of contagion and the possibility of a landscape of future domestic, regional and global systemic crisis.

This Special Issue, published in two parts by Emerald’s Journal of Financial Regulation and Compliance has selected a number of new articles that evaluate both the assessments made and actions taken by policymakers. The authors of the Special Issue came together at St Antony's to present these papers.