With the tabling of the recent financial policy white paper and the even more recent striking of the Task Force on Canadian Financial Services, Reforming the Canadian Financial Sector is a timely and important evaluation of the Canadian financial sector. The volume is forward-looking and embraces emerging financial trends in both Canadian and international arenas.

John Chant (SFU) presents an insightful conceptual framework for financial policy in the millennium; Jeffrey MacIntosh (U of T) provides a comprehensive assessment of the pros and cons of a National Securities Commission; Maurice Levi (UBC) focuses on capital-market integration; Randall Morck (U of A) looks at international financial regulation; Harry Hassanwalia (Royal Bank) examines competition in Canadian financial markets; and Nick LePan (OSFI) and Charles Freedman (Bank of Canada) provide perspectives on regulation. Discussants for these papers are practitioners in the financial sector and Steve Poloz (Bank Credit Analysts Research Group) is the conference rapporteur.