The financial crisis has left no part of the financial system untouched. While the cause or causes of the crisis are still a much-debated subject, and as the crisis is moving from private financing to public and even sovereign financing, definite steps have been taken to combat at least the symptoms. Ambitious reform plans have been adopted at the level of the world s most important political powers, especially at the G-20 Pittsburgh Summit. These measures are now being implemented in the US through a single act, the Dodd Frank Act and its numerous implementing regulations. In the EU, the Commission has undertaken this work by submitting a long list of proposals to the European legislator, the Council and the Parliament that calls for extensive delegated acts from the Commission and heavily involves the newly constituted regulatory agencies. The final profile of the new framework will not become visible for another couple of years. In the meantime, new issues for which regulatory initiatives are also needed pop up almost every month, which may lead to another wave of legislation and regulatory initiatives. All these proposals amount to a considerable workload at financial institutions and among their advisors and representative organisations. In academia there is also a strong need for further explanation and analysis, both to understand the newly adopted regulations and to grasp their impact and how they relate to each other. The further consequences on the overall financing of the economy and on the functioning of companies and their financing have already begun to be the subject of detailed analysis.