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Article: Financial regulation in Hong Kong: Time for a change
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TitleFinancial regulation in Hong Kong: Time for a change
 
AuthorsArner, DW1
Hsu, BFC1
Da Roza, AM1
 
Keywordsfinancial regulation
financial regulatory structure
global financial crisis
Hong Kong
 
Issue Date2010
 
PublisherBerkeley Electronic Press. The Journal's web site is located at http://www.bepress.com/asjcl
 
CitationAsian Journal Of Comparative Law, 2010, v. 5 n. 1 [How to Cite?]
DOI: http://dx.doi.org/10.2202/1932-0205.1238
 
AbstractThe global financial system experienced its first systemic crisis since the 1930s in autumn 2008, with the failure of major financial institutions in the United States and Europe and the seizure of global credit markets. Although Hong Kong was not at the epicentre of this crisis, it was nonetheless affected. Following an overview of Hong Kong's existing financial regulatory framework, the article discusses the global financial crisis and its impact in Hong Kong, as well as regulatory responses to date. From this basis, the article discusses recommendations for reforms in Hong Kong to address weaknesses highlighted by the crisis, focusing on issues relating to Lehman Brothers "Minibonds. " The article concludes by looking forward, recommending that the crisis be taken not only as the catalyst to resolve existing weaknesses but also to strengthen and enhance Hong Kong's role and competitiveness as China's premier international financial centre. Copyright © 2010 The Berkeley Electronic Press. All rights reserved.
 
ISSN1932-0205
2012 SCImago Journal Rankings: 0.101
 
DOIhttp://dx.doi.org/10.2202/1932-0205.1238
 
SSRN1815851
 
ReferencesReferences in Scopus
 
DC FieldValue
dc.contributor.authorArner, DW
 
dc.contributor.authorHsu, BFC
 
dc.contributor.authorDa Roza, AM
 
dc.date.accessioned2010-10-05T00:51:34Z
 
dc.date.available2010-10-05T00:51:34Z
 
dc.date.issued2010
 
dc.description.abstractThe global financial system experienced its first systemic crisis since the 1930s in autumn 2008, with the failure of major financial institutions in the United States and Europe and the seizure of global credit markets. Although Hong Kong was not at the epicentre of this crisis, it was nonetheless affected. Following an overview of Hong Kong's existing financial regulatory framework, the article discusses the global financial crisis and its impact in Hong Kong, as well as regulatory responses to date. From this basis, the article discusses recommendations for reforms in Hong Kong to address weaknesses highlighted by the crisis, focusing on issues relating to Lehman Brothers "Minibonds. " The article concludes by looking forward, recommending that the crisis be taken not only as the catalyst to resolve existing weaknesses but also to strengthen and enhance Hong Kong's role and competitiveness as China's premier international financial centre. Copyright © 2010 The Berkeley Electronic Press. All rights reserved.
 
dc.description.naturepublished_or_final_version
 
dc.identifier.citationAsian Journal Of Comparative Law, 2010, v. 5 n. 1 [How to Cite?]
DOI: http://dx.doi.org/10.2202/1932-0205.1238
 
dc.identifier.doihttp://dx.doi.org/10.2202/1932-0205.1238
 
dc.identifier.epage47
 
dc.identifier.hkuros170334
 
dc.identifier.issn1932-0205
2012 SCImago Journal Rankings: 0.101
 
dc.identifier.issue1
 
dc.identifier.openurl
 
dc.identifier.scopuseid_2-s2.0-79551580382
 
dc.identifier.spage1
 
dc.identifier.ssrn1815851
 
dc.identifier.urihttp://hdl.handle.net/10722/123850
 
dc.identifier.volume5
 
dc.languageeng
 
dc.publisherBerkeley Electronic Press. The Journal's web site is located at http://www.bepress.com/asjcl
 
dc.publisher.placeUnited States
 
dc.relation.ispartofAsian Journal of Comparative Law
 
dc.relation.referencesReferences in Scopus
 
dc.rightsAsian Journal of Comparative Law. Copyright © Berkeley Electronic Press.
 
dc.rightsCreative Commons: Attribution 3.0 Hong Kong License
 
dc.subjectfinancial regulation
 
dc.subjectfinancial regulatory structure
 
dc.subjectglobal financial crisis
 
dc.subjectHong Kong
 
dc.titleFinancial regulation in Hong Kong: Time for a change
 
dc.typeArticle
 
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Author Affiliations
  1. The University of Hong Kong