themselves more efficient, the financial crisis has revealed that regulation should also protect the stability of the financial … system. This raises numerous future challenges. For example, regulation to control moral hazard in secured loan origination …. Because of its impact on home ownership, the regulation of collateralization levels and interconnectedness faces fundamentally …

-based legislation - and the frequent principles-based regulation underpinned by such legislation - represents a stark departure from … regulation in Hong Kong - in the form of a Twin Peaks regulatory structure. A focus on the objectives of achieving financial …