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11 - Towards a Twin Peak Regulatory Architecture for Hong Kong?
from Part III - Different Topographies
- By Douglas W. Arner, Evan Gibson, Janos Barberis
Edited by Andrew Godwin, Andrew Schmulow
Book: The Cambridge Handbook of Twin Peaks Financial Regulation
Published online: 24 June 2021
Print publication: 15 July 2021, pp 191-214
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Summary

This chapter argues that a Twin Peaks model designed around financial stability and market conduct regulators supervising all financial sectors would overcome the sectoral model’s limitations. This regulatory change supports the evolution and competitiveness of Hong Kong as an international centre for finance and technology. The proposed reform agenda concludes that technological developments, cost-effective and proportionate regulatory reforms, and a modern regulatory architectural design for setting internationally recognised standards of smart regulation enabled by regulatory technology or RegTech must be the path forward.

Contents
Edited by Ross P. Buckley, University of New South Wales, Sydney, Emilios Avgouleas, University of Edinburgh, Douglas W. Arner, The University of Hong Kong
Book: Reconceptualising Global Finance and its Regulation
Published online: 05 February 2016
Print publication: 11 March 2016, pp vii-x
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1 - Introduction
from Introduction and Context
- By Douglas W. Arner, Ross P. Buckley, Emilios Avgouleas
Edited by Ross P. Buckley, University of New South Wales, Sydney, Emilios Avgouleas, University of Edinburgh, Douglas W. Arner, The University of Hong Kong
Book: Reconceptualising Global Finance and its Regulation
Published online: 05 February 2016
Print publication: 11 March 2016, pp 3-8
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22 - Conclusion
from Conclusion
- By Emilios Avgouleas, Douglas W. Arner, Ross P. Buckley
Edited by Ross P. Buckley, University of New South Wales, Sydney, Emilios Avgouleas, University of Edinburgh, Douglas W. Arner, The University of Hong Kong
Book: Reconceptualising Global Finance and its Regulation
Published online: 05 February 2016
Print publication: 11 March 2016, pp 457-460
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Index
Edited by Ross P. Buckley, University of New South Wales, Sydney, Emilios Avgouleas, University of Edinburgh, Douglas W. Arner, The University of Hong Kong
Book: Reconceptualising Global Finance and its Regulation
Published online: 05 February 2016
Print publication: 11 March 2016, pp 461-467
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Acknowledgements
Edited by Ross P. Buckley, University of New South Wales, Sydney, Emilios Avgouleas, University of Edinburgh, Douglas W. Arner, The University of Hong Kong
Book: Reconceptualising Global Finance and its Regulation
Published online: 05 February 2016
Print publication: 11 March 2016, pp xv-xvi
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V - The Role of Culture and Ethics in Global Finance
Edited by Ross P. Buckley, University of New South Wales, Sydney, Emilios Avgouleas, University of Edinburgh, Douglas W. Arner, The University of Hong Kong
Book: Reconceptualising Global Finance and its Regulation
Published online: 05 February 2016
Print publication: 11 March 2016, pp 355-454
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4 - The Financial Stability Board and the Future of International Financial Regulation
from I - Global Financial Architecture: Evolution, Shortcomings, Interdependence
- By Douglas W. Arner, Michael W. Taylor
Edited by Ross P. Buckley, University of New South Wales, Sydney, Emilios Avgouleas, University of Edinburgh, Douglas W. Arner, The University of Hong Kong
Book: Reconceptualising Global Finance and its Regulation
Published online: 05 February 2016
Print publication: 11 March 2016, pp 51-66
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Conclusion
Edited by Ross P. Buckley, University of New South Wales, Sydney, Emilios Avgouleas, University of Edinburgh, Douglas W. Arner, The University of Hong Kong
Book: Reconceptualising Global Finance and its Regulation
Published online: 05 February 2016
Print publication: 11 March 2016, pp 455-460
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II - The Changing Face of Central Banking
Edited by Ross P. Buckley, University of New South Wales, Sydney, Emilios Avgouleas, University of Edinburgh, Douglas W. Arner, The University of Hong Kong
Book: Reconceptualising Global Finance and its Regulation
Published online: 05 February 2016
Print publication: 11 March 2016, pp 105-190
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Copyright page
Edited by Ross P. Buckley, University of New South Wales, Sydney, Emilios Avgouleas, University of Edinburgh, Douglas W. Arner, The University of Hong Kong
Book: Reconceptualising Global Finance and its Regulation
Published online: 05 February 2016
Print publication: 11 March 2016, pp iv-iv
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IV - Addressing Too-Big-To-Fail and Shadow Banking
Edited by Ross P. Buckley, University of New South Wales, Sydney, Emilios Avgouleas, University of Edinburgh, Douglas W. Arner, The University of Hong Kong
Book: Reconceptualising Global Finance and its Regulation
Published online: 05 February 2016
Print publication: 11 March 2016, pp 277-354
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Contributors
Edited by Ross P. Buckley, University of New South Wales, Sydney, Emilios Avgouleas, University of Edinburgh, Douglas W. Arner, The University of Hong Kong
Book: Reconceptualising Global Finance and its Regulation
Published online: 05 February 2016
Print publication: 11 March 2016, pp xi-xiv
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Introduction and Context
Edited by Ross P. Buckley, University of New South Wales, Sydney, Emilios Avgouleas, University of Edinburgh, Douglas W. Arner, The University of Hong Kong
Book: Reconceptualising Global Finance and its Regulation
Published online: 05 February 2016
Print publication: 11 March 2016, pp 1-48
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III - Reconceptualising Cross-Border Finance
Edited by Ross P. Buckley, University of New South Wales, Sydney, Emilios Avgouleas, University of Edinburgh, Douglas W. Arner, The University of Hong Kong
Book: Reconceptualising Global Finance and its Regulation
Published online: 05 February 2016
Print publication: 11 March 2016, pp 191-276
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I - Global Financial Architecture: Evolution, Shortcomings, Interdependence
Edited by Ross P. Buckley, University of New South Wales, Sydney, Emilios Avgouleas, University of Edinburgh, Douglas W. Arner, The University of Hong Kong
Book: Reconceptualising Global Finance and its Regulation
Published online: 05 February 2016
Print publication: 11 March 2016, pp 49-104
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Dedication
Edited by Ross P. Buckley, University of New South Wales, Sydney, Emilios Avgouleas, University of Edinburgh, Douglas W. Arner, The University of Hong Kong
Book: Reconceptualising Global Finance and its Regulation
Published online: 05 February 2016
Print publication: 11 March 2016, pp v-vi
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Reconceptualising Global Finance and its Regulation

Reconceptualising Global Finance and its Regulation
Edited by Ross P. Buckley, Emilios Avgouleas, Douglas W. Arner
Published online: 05 February 2016
Print publication: 11 March 2016
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The current global financial system may not withstand the next global financial crisis. In order to promote the resilience and stability of our global financial system against future shocks and crises, a fundamental reconceptualisation of financial regulation is necessary. This reconceptualisation must begin with a deep understanding of how today's financial markets, regulatory initiatives and laws operate and interact at the global level. This book undertakes a comprehensive analysis of such diverse areas as regulation of financial stability, modes of supply of financial services, market infrastructure, fractional reserve banking, modes of production of global regulatory standards and the pressing need to reform financial sector ethics and culture. Based on this analysis, Reconceptualising Global Finance and its Regulation proposes realistic reform initiatives, which will be of primary interest to regulatory and banking legal practitioners, policy makers, scholars, research students and think tanks.

4 - The broken glass of European integration: origins and remedies of the Eurozone crisis and implications for global markets
from Part I - Monetary cooperation, trade and finance
- By Emilios Avgouleas, Douglas W. Arner
Edited by C. L. Lim, The University of Hong Kong, Bryan Mercurio, The Chinese University of Hong Kong
Book: International Economic Law after the Global Crisis
Published online: 05 May 2015
Print publication: 30 April 2015, pp 72-106
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Contributors
- By Douglas W. Arner, Emilios Avgouleas, Lorand Bartels, Tomer Broude, Ross P. Buckley, Elisabetta Cervone, Julien Chaisse, Andrew Filis, An Hertogen, Holger Hestermeyer, Anita K. Krug, Rafael Leal-Arcas, C. L. Lim, Antoine Martin, Bryan Mercurio, Andrew Mitchell, James Munro, Junji Nakagawa, Martins Paparinskis, Shin-Yi Peng, Juan Ignacio Stampalija, Tania Voon, Rolf H. Weber
Edited by C. L. Lim, The University of Hong Kong, Bryan Mercurio, The Chinese University of Hong Kong
Book: International Economic Law after the Global Crisis
Published online: 05 May 2015
Print publication: 30 April 2015, pp ix-xii
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11 - Towards a Twin Peak Regulatory Architecture for Hong Kong?

Summary

Contents

1 - Introduction

22 - Conclusion

Index

Acknowledgements

V - The Role of Culture and Ethics in Global Finance

4 - The Financial Stability Board and the Future of International Financial Regulation

Conclusion

II - The Changing Face of Central Banking

Copyright page

IV - Addressing Too-Big-To-Fail and Shadow Banking

Contributors

Introduction and Context

III - Reconceptualising Cross-Border Finance

I - Global Financial Architecture: Evolution, Shortcomings, Interdependence

Dedication

Reconceptualising Global Finance and its Regulation

4 - The broken glass of European integration: origins and remedies of the Eurozone crisis and implications for global markets

Contributors

Search Results

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42 results

Summary