Article: Financial regulation in Hong Kong: Time for a change

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Title	Financial regulation in Hong Kong: Time for a change
Authors	Arner, DW1 Hsu, BFC1 Da Roza, AM1
Keywords	financial regulation financial regulatory structure global financial crisis Hong Kong
Issue Date	2010
Publisher	Berkeley Electronic Press. The Journal's web site is located at http://www.bepress.com/asjcl
Citation	Asian Journal Of Comparative Law, 2010, v. 5 n. 1 [How to Cite?] DOI: http://dx.doi.org/10.2202/1932-0205.1238
Abstract	The 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.
ISSN	1932-0205 2011 SCImago Journal Rankings: 0.026
DOI	http://dx.doi.org/10.2202/1932-0205.1238
SSRN	1815851
References	References in Scopus

DC Field	Value
dc.contributor.author	Arner, DW
dc.contributor.author	Hsu, BFC
dc.contributor.author	Da Roza, AM
dc.date.accessioned	2010-10-05T00:51:34Z
dc.date.available	2010-10-05T00:51:34Z
dc.date.issued	2010
dc.description.abstract	The 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.nature	published_or_final_version
dc.identifier.citation	Asian Journal Of Comparative Law, 2010, v. 5 n. 1 [How to Cite?] DOI: http://dx.doi.org/10.2202/1932-0205.1238
dc.identifier.doi	http://dx.doi.org/10.2202/1932-0205.1238
dc.identifier.epage	47
dc.identifier.hkuros	170334
dc.identifier.issn	1932-0205 2011 SCImago Journal Rankings: 0.026
dc.identifier.issue	1
dc.identifier.openurl
dc.identifier.scopus	eid_2-s2.0-79551580382
dc.identifier.spage	1
dc.identifier.ssrn	1815851
dc.identifier.uri	http://hdl.handle.net/10722/123850
dc.identifier.volume	5
dc.language	eng
dc.publisher	Berkeley Electronic Press. The Journal's web site is located at http://www.bepress.com/asjcl
dc.publisher.place	United States
dc.relation.ispartof	Asian Journal of Comparative Law
dc.relation.references	References in Scopus
dc.rights	Asian Journal of Comparative Law. Copyright © Berkeley Electronic Press.
dc.rights	Creative Commons: Attribution 3.0 Hong Kong License
dc.subject	financial regulation
dc.subject	financial regulatory structure
dc.subject	global financial crisis
dc.subject	Hong Kong
dc.title	Financial regulation in Hong Kong: Time for a change
dc.type	Article

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Author Affiliations

The University of Hong Kong