ABSTRACT. Moosa holds that a major casualty of the crisis is the Basel II Accord: the main weaknesses of Basel II are reliance on rating agencies and the use of internal models to determine regulatory capital requirements. McIlroy says that banks are regulated because of the possibility of systemic risk. Yeoh examines the macroeconomic, accounting and finance, and legal and governance perspectives associated with the current financial crisis. Kang and Kim examine the market’s ex ante valuation of the effect of post-acquisition governance activities on target value. (pp. 176–182)

JEL: D81, G34, F01