Congressman Barney Frank, former chairman of the United States House Financial Services Committee during the height of the 2008 global financial crisis, and the joint architect of the Dodd-Frank Act to reform the ailing financial services industry, shares his views on the Act. He also discusses the new order that is emerging in the banking and financial services world.

Gregory Gibb, Chairman and Chief Executive Officer of Lujiazui International Financial Asset Company, also known in China as Lufax, says its platform operates in the space that banks are not keen on. And as its lending stood at RMB600 billion in 2015 alone, Lufax is bringing investors and borrowers in ways that entail lower cost.

Nazmul Karim Chowdhury, Senior Vice President and Head of Brand at City Bank, Bangladesh, describes how cautious optimism toward mobile financial services is slowly permeating Bangladesh society, from institutions to rural areas.

While crowdlending in Asia Pacific shows early promise, its fate will be dictated by how regulators and banks respond to the challenges they pose.

His Excellency Mubarak Rashed Al Mansoori, governor of the Central Bank of the United Arab Emirates discusses the impact of de-risking, anti-money laundering measures as well as the decline in oil prices on the gulf state’s economy and financial markets.

Andra Sonea, lead solutions architect with the Innovation & Digital Analytics Lab at Lloyds Banking Group in London, maintains that an industry that enables competition and economic development does not need a “sandbox intervention.” Competition and collaboration within financial services should be the norm.

Adizah Tejani, head of ecosystem development at Level39, discusses the role of the technology accelerator in the growth of fintech start-ups, which, like banks, have aspirations to become global.

Neal Cross, the chief innovation officer of DBS Bank discusses how the bank’s accelerator for start-ups has transformed its culture.

David Puth, Chief Executive Officer at CLS, welcomes the Bank of Korea’s call to expand protection from settlement risk in foreign exchange and highlights the efficiency and operational benefits of CLS to non bank financial institutions.

An anti-money laundering law that did not cover casinos. A weekend and a holiday in the targeted banks in at least three countries. A Swift system that worked. And human slip-ups that rang alarm bells but also consummated the biggest documented cyber heist and money laundering in the Philippines.

Finance has failed because of its self-referential world where people are merely trading existing assets, rather than creating new assets. And regulation is failing by making things ever more complex and less related to the real interests of the public. Author and economist John Kay says regulation of banking is not about writing more rules but changing the structure of the industry.

Chris Skinner, founder of the Financial Services Club in Europe, and writer of Value Web and The Digital Bank, mouths the words banks fear the most: think of the future as one where traditional products make no money. That’s exactly what the P2P lenders are doing—squeezing margins of banks hobbled by traditional structures and products, forcing them to make money other ways.

Vincent Lo, chairman of the Hong Kong Trade Development Council, says as China transforms, restructures, and rebalances its economy, slowing down has become a necessity. Its Belt and Road is a golden opportunity for Hong Kong to be an investment, financing, and professional services centre for companies wanting to invest in the initiative.

The Governor of the Central Bank of the United Arab Emirates, His Excellency Mubarak Rashed Al Mansoori discusses the transformation of the UAE Central Bank under its new Medium-Term Plan. Among others, the Central Bank will focus on SMEs and the private sector in line with the government’s thrust to move the economy away from dependence on oil production.

Mashreq Bank CEO Abdul Aziz Al Ghurair talks about his focus on innovation, support of SMEs, and customer centricity; and the bank’s emphasis on growth within the Gulf Cooperation Council.