This article addresses the key emerging area of financial stability and systemic risk in a post-crisis global supervisory environment. It clarifies the central concept of systemic risk as a pivotal feature of the global reforms and examines from a comparative perspective the
policy and institutional measures adopted by a number of countries following the recent global economic crisis to address the link between financial market activity and global financial stability including recent advances in this area in South Africa, the European Union and the United States.
Law and Financial Markets Review is a new, independent, English language journal devoted to providing high quality information, comment and analysis for lawyers specialising in banking and financial market issues and to others with interests in legal and regulatory developments affecting the financial markets. Published bi-monthly LFMR contains articles written by leading experts providing a forum for practical guidance on, as well as reflective and topical analysis of, all major jurisdictions, with a particular focus on the interaction between the law and market practice and behaviour.