The past two years have been transformational for the GCC stock markets and the regulators. Questions are being raised whether the legal framework of the Arabian Gulf stock markets and regulatory bodies are sophisticated enough to catch violations and discrepancies. Also, the regional stock markets are aiming to compete with developed markets such as New York, Hong Kong and London with the launch of complex financial products. Is the region ready for this? What is the future of regulation in the region? What’s the status of good corporate governance in the GCC?