... In this paper, the key issues and risks are spelt out in more detail and principles are put forward that can serve as benchmarks. The principles apply across the banking, insurance and securities sectors, and the international committees involved in each sector may buildon these principles...

This article uncovers the role of financial clustering in creating competitive advantage forincumbents in the Singapore Financial Centre. The revelatory case of the underresearchedSingapore cluster reveals (a) how clustering conditions have influenced thedevelopment of the City as a financial...

This paper explores the sources of agglomeration externalities in enhancing firmperformance, in particular, the pecuniary externality that supports firms’ bottom line.The fundamental argument on increasing returns leads to the premise that cluster sizehas beneficial influence to firm...

The temptation for more protectionism has to be resisted. National reactions that try to hinder international capital flows or prevent foreign activities from being carried out in an efficient and fair manner weill reduce the benefits that the international economic cooperation has brought to...

Consumers across Asia are becoming wealthier, older, and more sophisticated in their behaviors and attitudes towards financial services. Rising affluence and high net worth across Asia. The population of affluent and high net worth individuals is grwoing rapidly across Asia...

Why was risk management not effective in preventing financial institutions from bubbles in the past? 1. Because the emerge of the bubbles were not recognized at all. 2. Because risk managers did not have sufficient authority to stop the nonsense....

Introduction to FSCS, Financial Services Regulation in UK, The COMP Rules, EU Insurance Guarantee Schemes...

Financial services (including insurance) depend on consumer trust confidence. Trust and confidence requires regulation of financial businesses to be financially sound and behave well...

Financial Services Plurilateral Request; The Recent CTFS Meetings; CTFS Informals; CTFS Mandate; Status Quo in CTFS...

background; financial services and regulation; trade agreements and the regulatory interface; current crisis and its implications; potential lessons for reform...