Implications of the Global Financial Crisis for Financial Reform and Regulation in Asia
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Implications of the Global Financial Crisis for Financial Reform and Regulation in Asia

Edited by Masahiro Kawai, David G. Mayes and Peter Morgan

In light of the experience of the global financial crisis, this book develops concrete recommendations for financial sector reform and regulation in Asian economies aimed at preventing the recurrence of systemic financial crises, improving the ability to manage and resolve crises, managing capital flows and promoting the development of Asian bond markets.
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Chapter 2: Strengthening Systemic Financial Regulation

Masahiro Kawai and Michael Pomerleano

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2. Strengthening systemic financial regulation Masahiro Kawai and Michael Pomerleano 2.1 INTRODUCTION With a few notable exceptions, central bankers, financial supervisors and regulators, other policymakers, international organizations, the privat...

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