Book Reviews: Financial Services Law and Regulation by Dora Swee Suan Neo, Hans Tjio and Luh Luh Lan, eds

Understanding the depth of financial regulations without losing the big picture has presented many challenges to practitioners, businesspersons, and naturally, students. On the one hand, the modern financial market is complex and has multiple dimensions. Traditionally, it has been divided into three major sectors: capital markets, banking, and insurance. Such divisions still underline financial regulations in many countries. Each sector has its own characteristics and practices, and an expert in one sector may not know the details of the other sectors. At the same time, different financial sectors and market participants interact and intersect, contributing to the market's complexity. Beyond the domestic market, there is an international dimension. The rise of international soft law and transnational regulatory networks that issue regulatory standards (eg, the Basel Accord issued by the Basel Committee on Banking Supervision) adds another layer of complexity to the financial market. Understanding the overall financial market is a daunting task.