Just a few days ago, Bear Sterns collapsed. An event that the Wall Street Journal said "shook American capitalism". So this book can be of interest to some readers. It does not directly address financial instruments. It deals in a broader context of management. Written in 2003, it describes the regulatory environments in Europe and the United States, for companies that wish to manage financial assets.
Very dry reading, though. A considerable portion consists of parsing the different regulations and regulatory bodies that you have to deal with. What prudent means does vary across nations. So too does the capital requirements. There is guidance on how to obtain licenses. Attention is also given to how clients' assets need to be safeguarded, and the responsibilities of the managers.