1. The International Financial System Before the Crisis
1.1. The Originate-to-Distribute Model
2. The Impact of the Crisis on the Financial System
2.1. The Collapse of the Originate-to-Distribute Model
2.2. Examples of the Impact on the International Financial System
3. The G20 Regulatory Reform
3.1. Main Pillars
3.2. Reform Areas
3.3. A Historical Perspective on the Reform
3.4. Potential Risks
José María Roldán, Chairman of the Spanish Banking Association
