ABSTRACT
We have already put a great deal of resources into handling nonperforming loans, dissolving hidden risks, and preventing financial crises. We still have much to do in the next stage of financial reform, however. One of the most important steps will be to improve legislation relating to finance and especially laws relating to bankruptcy and loan fraud. This relates as well to relevant accounting standards. Legal issues directly impact our financial ecosystem. Crucial problems are emerging in this area. I would like to take this opportunity to exchange some initial thoughts with everyone, and hope we all can go further in studying and discussing these issues.
