RegulatoryreformTheAsiaPacificstateofplaySeptember2015ContentsIntroduction......................................................................................................Theinternationalregulatoryreformagenda......................................................Buildingresilientfinancialinstitutions...........................................................Endingtoo-big-to-fail...................................................................................OTCderivatives.............................................................................................Transformingshadowbankingintoresilientmarket-basedfinancing............Conductandwholesalemarkets...................................................................Conclusion.........................................................................................................Endnotes.................................................................................