The book "Rethinking Bank Regulation: Till Angels Govern" by James R. Barth, Gerard Caprio, and Ross Levine presents a comprehensive analysis of bank regulation in over 150 countries. It introduces a new database that assesses the impact of bank regulation on banking systems and evaluates the Basel Committee's approach. Key findings suggest that societies with market-based monitoring of banks achieve better outcomes across various criteria. The authors argue that viewing bank regulation reform as a narrow technical issue is risky, as its impact is influenced by complex economic and political institutions. The book also highlights that restrictions on new bank entry, government ownership of banks, and limitations on bank activities negatively affect banking system performance. The authors, experts in finance and economics, provide insights into the links between financial sector regulation, supervision, and economic growth.The book "Rethinking Bank Regulation: Till Angels Govern" by James R. Barth, Gerard Caprio, and Ross Levine presents a comprehensive analysis of bank regulation in over 150 countries. It introduces a new database that assesses the impact of bank regulation on banking systems and evaluates the Basel Committee's approach. Key findings suggest that societies with market-based monitoring of banks achieve better outcomes across various criteria. The authors argue that viewing bank regulation reform as a narrow technical issue is risky, as its impact is influenced by complex economic and political institutions. The book also highlights that restrictions on new bank entry, government ownership of banks, and limitations on bank activities negatively affect banking system performance. The authors, experts in finance and economics, provide insights into the links between financial sector regulation, supervision, and economic growth.