Institutional structure of financial regulation : international perspectives and local issues in Hong Kong and Mainland China / Robin Hui Huang, Dirk Schoenmaker.

Includes bibliographical references and index.

Machine generated contents note: 1.Background
2.Content
pt. I Fundamental theories
1.Regulatory reform after the financial crisis: Twin Peaks revisited /​ Michael W. Taylor
1.1.Introduction
1.2.(Why) does institutional structure matter?
1.3.The case for Twin Peaks
1.4.The Twin Peaks structure
1.5.Four lessons from the financial crisis
1.6.Conclusion
2.Financial stability and proper business conduct: can supervisory structure help to achieve these objectives? /​ Jeroen Kremers
2.1.Introduction
2.2.Supervisory objectives and structure
2.3.Conduct of business: a focused approach
2.4.Financial stability: strong role for central bank
2.5.Emerging Twin Peaks structure in Europe
2.6.Conclusion
3.Rules, discretion and macro-prudential policy /​ Sunil Sharma
3.1.Introduction
3.2.Rules-based macro-prudential regulation is difficult
3.3.Discretion opens the door to resistance
Contents note continued: 3.4.A strong baseline: reducing the burden on time-varying policy
3.5.Conclusion
4.Helping hand or grabbing hand? Supervisory architecture, financial structure and market view /​ Marc Quintyn
4.1.Introduction
4.2.Do markets matter in designing financial supervision architectures ? Helping hand view versus grabbing hand view
4.3.Does the market factor matter?
4.4.Case study: the market view in Italy
4.5.Conclusion
pt. II International experiences
5.Implementing Twin Peaks: lessons from Australia /​ Jeff Carmichael
5.1.Introduction
5.2.Background to Australia's Twin Peaks model
5.3.Managing the transition
5.4.Harmonizing the approach to regulation
5.5.Defining the regulatory boundaries
5.6.Inter-agency coordination
5.7.Conclusion
6.The break-up of the Financial Services Authority in the UK /​ Eilis Ferran
6.1.Introduction
6.2.Did the FSA have to go? An examination of the case for abolition
Contents note continued: 6.3.Why it matters that the case for abolition of the FSA cannot be convincingly established
6.4.Summary
7.One step forward, two steps back? The institutional structure of US financial services regulation after the crisis of 2008 /​ Saule T. Omarova
7.1.Introduction
7.2.A product of history; an overview of the US financial regulatory structure before 2010
7.3.What is to be done? Themes in the debate on reforming the US financial regulatory structure
7.4.The Dodd-Frank Act of 2010: key changes in the US financial regulatory structure
7.5.What to expect? Uncertain prospects and certain challenges
7.6.Conclusion
8.Evolving supervisory and regulatory approaches of Japan in the post-crisis era /​ Tetsuo Morishita
8.1.Introduction
8.2.The genesis of the institutional structure of financial supervision
8.3.Evolving supervisory approaches
8.4.Conclusion
Contents note continued: 9.Financial regulatory structure in Hong Kong: looking forward /​ Evan Gibson
9.1.Introduction
9.2.Historical financial development
9.3.Regulatory structural themes
9.4.Financial regulatory structure
9.5.Global Financial Crisis: Hong Kong
9.6.International organizations
9.7.G20/​FSB financial regulatory reforms
9.8.Financial regulatory structure; options
9.9.Conclusion
10.Institutional structure of financial regulation in China: where is it now and where is it heading? /​ Robin Hui Huang
10.1.Introduction
10.2.The current financial regulatory structure
10.3.Characteristics and problems
10.4.The future of China's financial regulatory framework
10.5.Conclusion.

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.