Management strives to find efficient and effective organizational structures that offer enough flexibility to facilitate response to environmental change. Regulators strive to find effective responses to the challenges presented by the rapidly changing dynamics of financial system operations. In Framing Financial Structure in an Information Environment the authors address important aspects of both issues: the continuing evolution of the world's financial institutions and the regulatory challenges presented by the changes.

Contributors include Douglas Gale (NYU) on regulation in the information era; David Smith (Federal Reserve Board) on the globalization of commercial banking; John Chant (Simon Fraser) on the internationalization of Canadian banking; Charles Goodhart (London School of Economics) on the economics of regulation; Ken Carow (Indiana University) on the banking-insurance nexus; Edwin Neave and Lewis Johnson (Queen's) on financial governance; and Charles Freedman (Bank of Canada), Tim O'Neill (Bank of Montreal) and Stephen Poloz (Export Development Canada) on the future of the Canadian financial sector.