London ; New York : Routledge, Taylor & Francis Group, 2015.
xvi, 262 pages ; 24 cm.
Routledge research in finance and banking law.
Formatted Contents Note
Regulatory reform after the financial crisis : Twin Peaks revisited / Michael W. Taylor Financial stability and proper business conduct : can supervisory structure help to achieve these objectives? / Dirk Schoenmaker and Jeroen Kremers Rules, discretion and macro-prudential policy / Itai Agur and Sunil Sharma Helping hand or grabbing hand? : Supervisory architecture, financial structure and market view / Donato Masciandaro and Marc Quintyn Implementing Twin Peaks : lessons from Australia / Jeff Carmichael The break-up of the Financial Services Authority in the UK / Eilis Ferran One step forward, two steps back? : The institutional structure of US financial services regulation after the crisis of 2008 / Saule T. Omarova Evolving supervisory and regulatory approaches of Japan in the post-crisis era / Mamiko Yokoi-Arai and Tetsuo Morishita Financial regulatory structure in Hong Kong : looking forward / Douglas W. Arner and Evan Gibson Institutional structure of financial regulation in China : where is it now and where is it heading? / Robin Hui Huang.
"Institutional structure of financial regulation is currently a subject of significant academic and practical interest, in light of the ongoing global financial crisis. The financial crisis has called into question the adequacy of financial regulation at the national and supranational levels. Financial regulatory structure has now been considered a key issue behind the financial crisis and as such, a wave of financial regulatory reform has ensued in major markets overseas, including the enactment of the Dodd-Frank Act in the US and the program to split the Financial Services Authority in the UK. Mainland China and Hong Kong are no exceptions. In Hong Kong, the much-publicized Lehman Brothers minibond saga has prompted the Hong Kong government to reconsider its financial regulatory regime. Likewise, the Mainland has recently staged a reshuffle at the top financial regulators.This book examines the institutional structure reform of financial regulation presently going on at the international level, and the resulting policy implications for the local reforms in Hong Kong and Mainland China. The book will consist of three parts the first of which explores the theory of financial regulatory structure, the second considers international perspectives on financial regulatory structures, and the third focuses on local issues in Mainland China and Hong Kong. The book contains contributions from renowned experts in the field of financial regulation including Douglas Arner, Jeffery Carmichael, Robin Hui Huang, Dirk Schoenmaker, Andrew Sheng and Michael Taylor allowing for authoritative and interdisciplinary analyses"-- Provided by publisher. "In light of on-going global financial crises, the institutional structure of financial regulation is currently a subject of significant academic and practical interest. The financial crisis has called into question the adequacy of financial regulation at the national and supranational levels, and has instigated financial regulatory reforms in major markets overseas. This has included the enactment of the Dodd-Frank Act in the US, and the program to split the Financial Services Authority in the UK. This book examines the institutional structure reform of financial regulation from a comparative perspective, exploring both fundamental theories and international experiences. The book explores the three main institutional structures of financial regulation in the world; the sectors-based model, adopted in the US, Mainland China and Hong Kong; the twin-peaks model with Australia and the Netherlands as its pioneers; and the single-regulator model as represented by the former Financial Services Authority in the UK and the Financial Services Agency in Japan. The book contains contributions from renowned experts in the field of financial regulation including Douglas Arner, Jeffery Carmichael, Robin Hui Huang, Dirk Schoenmaker, and Michael Taylor, and will be of interest to students and researchers of banking and finance law, and comparative economics"-- Provided by publisher.
Bibliography, etc. Note
Includes bibliographical references and index.
K1066 .I56 2015
9780415726870 hardback 0415726875 hardback 9781315849690 (e-book) 1315849690 (e-book)