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The Futures Industry Association and the Futures and Options Association held the third annual International Derivatives Expo, which highlights the latest trends, technology, and issues in the derivatives industry, in London. As part of the event, NERA Vice President Dr. Sharon Brown-Hruska participated in a panel session on "Financial Supervision: New Architecture, New Tools, and New Challenges." The panel compared and contrasted the post-crises approaches to financial supervision of firms developing in both the US and EU, exploring areas of convergence and divergence. The panel also discussed the new architecture for financial supervision within the EU, the challenges for national supervisors such as the FSA, and the international implications.