List of contributors. Introduction (G.G. Kaufman). Part I. Cross-country evidence on banking crises: do financial structure and bank regulation matter? (J.R. Barth et al.). Towards a regulatory agenda for banking in Europe (H.A. Benink, R.H. Schmidt). Subordinated debt and bank capital reform (D.D. Evanoff, L.D. Wall). Challenges to the structure of financial supervision in the EU (K. Lannoo). Comment (R. DeYoung). Part II. Deposit rate premiums and the demand for funds by thrifts (D. Aadland, D. Dahl and A. Stephens). A regulatory regime for financial stability (D.T. Llewellyn). The development of internal models approaches to bank regulation & supervision: lessons from the market risk amendment (M.R. Saidenberg, J.A. Lopez). Comment (M.J. Courchane). Part III. The role of a camel downgrade model in bank surveillance (R.A. Gilbert, A.P. Meyer and M.D. Vaughan). Credit registers and early warning systems of bank fragility. The Italian experience (P. Marullo Reedtz, M. Trapanese). Deposit insurance funding and insurer resource allocation: a portfolio model of insurer behavior under uncertainty (S.A. Seelig, J. O'Keefe). Comment (D.P. Morgan).