Twin peaks for Hong Kong?
Politicians are mulling how to improve financial market supervision. Anthony Neoh, a barrister and former chair of Hong Kong's Securities and Futures Commission, says the territory's regulatory framework needs a major shake-up
What capital market reforms, if any, would you think appropriate in the region in light of the present economic crisis?
Reforms will follow from lessons learnt in the current financial crisis. One immediate structural reform is likely to centre on the need to take a good look at functional regulation. Commercial banking has changed from just deposit-taking and lending to the selling of all kinds of financial products and arranging for bond issues in the capital markets. The regulators of the
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