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In light of the recent global financial crisis, this article aims to critically examine China's financial regulatory … structure and based on the results of such examination, set out reform proposals for China. At present, China adopts a … advantages and disadvantages, but also to the local conditions in China. It is concluded that the US model merits consideration …
Persistent link: https://www.econbiz.de/10013039228
This paper examines the issues surrounding the implementation of global regulatory reforms - spearheaded by the G20 and mainly under the aegis of the Financial Stability Board (FSB) - in Brunei Darussalam, Cambodia, the Lao People's Democratic Republic (Lao PDR), Myanmar, and Viet Nam (BCLMV)....
Persistent link: https://www.econbiz.de/10010367359
This comment is on a paper by Christian Kirchner and Wulf Kaal, which proposes a variety of post-financial crisis regulatory reforms under a common theme of minimizing “regulatory arbitrage.” The comment focuses on one of their proposals, hedge fund regulation, and then picks up on the theme...
Persistent link: https://www.econbiz.de/10013136693
This response to the 2009 UK White Paper on ‘Reforming Financial Markets' argues for stronger democratic oversight of regulators and for regulatory diversity in order to reduce ‘market herding' and the consequent systemic risks. In the context of hitherto weak democratic accountability and...
Persistent link: https://www.econbiz.de/10013150458
Financial regulation today is largely framed by traditional business categories. The financial markets, however, have begun to bypass those categories, principally over the last thirty years. Chief among the changes has been convergence in the products and services offered by traditional...
Persistent link: https://www.econbiz.de/10013151563
The credit crisis that started in the American mortgage subprime market in 2007 is having profound social and economic consequences. In this context, lawmakers, regulators, and commentators have questioned the role of rating agencies in the market turmoil. In light of the critiques, a strong...
Persistent link: https://www.econbiz.de/10013156993
Persistent link: https://www.econbiz.de/10012905124
On December 1, 2017, the Chicago Mercantile Exchange Inc. and the CBOE Futures Exchange self-certified new contracts for cash-settled bitcoin futures products. The self-certification process allows designated contract markets to list new derivative products one day after submitting in writing to...
Persistent link: https://www.econbiz.de/10012897433
Inadequate regulation of the financial system is widely thought to have contributed to the financial crisis. The purpose of the book is to articulate a framework within which financial regulation can be analysed in a coherent and comprehensive fashion. The book's approach is distinctive in...
Persistent link: https://www.econbiz.de/10012937668