Financial stability frequently seen as the avoidance of financial crisis has become an objective of the international financial architecture as well as individual economies and central banks at the same time financial development is now seen to play an important role in economic growth in both financial stability and financial development law and related institutions have a central role. At the same time financial development is now seen to play an important role in economic growth in both financial stability and financial development law and related institutions have a central. Financial stability frequently seen as the avoidance of financial crisis has become an objective of both the international financial architecture and individual economies and central banks at the same time financial development is now seen to play an important role in economic growth in both financial stability and financial development law and related institutions have a central role. The role of law in supporting both financial stability frequently seen as the avoidance of financial crisis has become an objective of the international financial architecture as well as individual economies and central banks at the same time financial devel opment is now seen to play an important role in economic growth in both financial