Ways towards a more stable and credible financial sector

The author in his article gives a brief analysis of the origins of the current financial crisis which has swept across the globe in recent months. He explores the inefficient controls, including regulation and accounting rules, carried out by financial actors which are at the heart of this economic turmoil. Proposals for more efficient financial architecture are then put forward. Mariani concludes that much time, confidence and discipline are needed to surmount the recession and reform the financial system.