The lingering debt crisis in Europe and slow growth in the US and elsewhere has raised serious questions for China's own debt situation this year. Victor Shih, Professor at Northwestern University, puts China's local government debt into perspective and explains the near term effect.

CeCe Morken, President of Intuit Financial Services, discusses how the banking industry has evolved rapidly over the past decade. She also highlights how regulatory and economic requirements, more non-bank competitors, disruption of the established business model, and a dramatic shift in customer behaviors and mindset will continue to fuel change in the banking industry.

The biggest financial crisis since the Second World War created difficulties for banks all over the world, some of which were only rescued from bankruptcy through state intervention. The following short video shows the most promising way of protecting taxpayers from financial crises in the future.

Almost all structured finance transactions depend on counterparties to help them meet their payment obligations. In the past few years, major financial institutions that served as counterparties in a number of securitizations became insolvent. These experiences, along with the evolving characteristics of the world's financial system, have led to a reassessment of counterparty risk by market participants. In this CreditMatters TV segment, Andrew South, Standard & Poor's Head of European Structured Finance Research, discusses some of the risks, drawing on recent case studies.

Richard Grossman of Wesleyan University talks to Romesh Vaitilingam about his new book ‘Unsettled Account: The Evolution of Banking in the Industrialized World since 1800'. Among other things, they discuss the problems of striking a balance between a dynamic banking system and a stable banking system. The interview was recorded at a conference on ‘Lessons from the Great Depression for the Making of Economic Policy' in London in April 2010.