Explores a range of issues: frameworks and regulatory reforms in the United States, European Union, and Japan that address systemic risk, the international dimension of financial stability, the regulation of complex financial products, cross-border banking supervision, capital adequacy, and corporate and household debt restructuring. The chapters are based on presentations from a seminar hosted by the IMF Legal Department, the Ministry of Finance of Japan, the Financial Services Agency of Japan, and the Bank of Japan, with the assistance of the IMF Institute.