| Description |
1 online resource (340 p.) |
| Contents |
Cover -- Half-title -- Title page -- Copyright information -- Contents -- Acknowledgments -- List of Abbreviations -- 1 Introduction -- Part I A Financial History of Hong Kong -- 2 Hong Kong, 1841-1997: Financial Crises and Financial Regulation -- Introduction -- British and Market-Based Regulation -- The Genesis of Monetary and Banking Regulation -- The First Modern-Era Banking Crisis and Stock Market Crash -- Market and Regulatory Developments in the 1970s -- The Deposit-Taking Companies Crisis -- The Banking Crisis of the 1980s -- Origins of the Current Financial Architecture -- Conclusion |
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3 Hong Kong Special Administrative Region: Financial Crises and Financial Regulation -- Introduction -- The 1997-98 Asian Financial Crisis -- Attack on the Hong Kong Dollar -- Supervisory Response -- Regulatory Reforms after the 1997-98 Asian Financial Crisis -- The Kotewall Report -- The IMF Assessment and Deposit Protection -- The Carse Review -- The 2008-9 Global Financial Crisis -- Impact on the Banking System -- Lehman Minibonds -- Run on the Bank of East Asia -- Run on AIA -- Foreign Exchange Speculation by CITIC Pacific -- Reforms Following the 2008-9 Global Financial Crisis |
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Lender of Last Resort in Hong Kong -- International Reforms -- Implementing International Reforms in Hong Kong -- International Assessments and Reviews -- International Monetary Fund -- Financial Stability Board -- Financial Integration with the Mainland -- Supervisory Coordination -- Renminbi Hub -- Connect Schemes -- Digital Yuan -- Market Developments in the Banking Sector -- Asset and Wealth Management -- FinTech Sandboxes -- Virtual Banks -- Electronic Payments -- Cryptocurrencies -- Electronic Hong Kong Dollar -- Sustainable Finance -- Trade Tension and the COVID-19 Pandemic |
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Trade Tension -- COVID-19 Pandemic -- Economic Impact -- Conclusion -- Part II The Regulatory Models of Financial Supervision -- 4 The Sectoral Supervisory Model: Central Banks, Banking Regulations, and Financial Stability -- Introduction -- Mainland China -- Banking Supervision -- Insurance Supervision -- Securities and Futures Markets -- Structural Variations -- The United States of America -- Constitutional Underpinnings -- Banking Supervision -- Securities and Futures Markets -- The Insurance Sector -- Hong Kong -- Sectoral Design -- Securities and Futures Commission -- Insurance Authority |
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Mandatory Provident Fund Schemes Authority -- Hong Kong Monetary Authority -- Structural Design -- Stability Mandates -- Central Bank Functions -- Monetary Policy and Banking Supervision -- Policy Conflicts -- Auxiliary Policy Tools -- Structural Synergies -- Conclusion -- 5 Integrated, Twin Peaks, and Systemic Risk Supervision for Financial Stability -- Introduction -- The Integrated Model -- Historical Development -- Theoretical Description -- Singapore -- The United Kingdom -- Cross-Sectoral Regulation: Hong Kong -- Council of Financial Regulators -- Financial Stability Committee |
| Summary |
The post-2008 financial regulatory reforms do not fully appreciated the critical role of the supervisory model in attaining financial stability |
| Notes |
Description based upon print version of record |
|
Crisis Management Coordination |
| Form |
Electronic book
|
| ISBN |
9781009027779 |
|
1009027778 |
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