This session will survey the substance and efficacy of various post-crisis regulatory reform initiatives across three jurisdictions: the United States, Canada and the European Union. Given the prevalence of court settlements in lieu of criminal convictions, has the public’s faith in financial intermediaries, their principals and financial markets generally, emerged wholly intact? During this session, specific attention will be paid to the role of credit rating agencies and their new supervisory regimes. Proposed changes to capital requirements both for banks and insurers will be evaluated. And given calls for reform of “dark markets,” including those for over-the-counter derivatives, the risks and extra-territorial concerns of delaying implementation of a meaningful remedy will be considered.