The international financial system is changing due to laws influenced by financial scandals. The book examines US and EU financial systems, focusing on the UK, and discusses the need for more regulations in the US. It also looks at international financial organizations, financial disclosure theories, and failed attempts to regulate Japanese markets. The author suggests that more regulations are necessary to stabilize the international banking system. They argue that the accounting system needs to be improved through legal structures and that the international monetary system requires a major overhaul.