The Warwick Commission on International Financial Reform has released its report today (27 November 2009) in New Delhi.

The report contributes to the ongoing debate on international financial reform, taking particular aim at the importance of a political economy perspective in understanding what reforms are possible. The Commission has identified key reforms for a well-regulated financial system. Among these reforms is a stress on dealing with boom-bust cycles, introducing macro-prudential regulation, recognising the need for a better allocation of risks among financial institutions, dealing with issues of regulatory capture, and bolstering national rules with international coordination to promote international financial stability.