Capital Market Reform in Asia : Towards Developed and Integrated Markets in Times of Change

by Masahiro Kawai

• ISBN13: 9788132107545
• ISBN10: 8132107543
• Format: Hardcover
• Copyright: 2012-10-18
• Publisher: SAGE Publications Pvt. Ltd

Summary

Capital Market Refom in Asia contains a selection of papers that capture the essence of capital market reform in the Asian region, including important lessons from the global financial crisis of 2007-2009. It points to the need for Asian economies to adapt their capital market development strategies to rebalance growth by increasing mobilization of Asian savings for Asian investment. Capital Market Reform in Asia is derived from 11 round table conferences on Capital Market Reform in Asia, jointly organised by Asian Development Bank Institute (ADBI) and the Organisation for Economic Co-operation and Development (OECD). The volume charts the progress of capital market development in Asia after the 1997-1998 Asian financial crisis, providing insights into capital market reform and the new challenges that have arisen since the global financial crisis of 2007-2009, amidst reforms to the international financial architecture.

Table of Contents

List of Tables	p. vii
List of Figures	p. xi
List of Abbreviations	p. xiii
Preface	p. xvii
Introduction	p. xix
Development of Capital Markets in Asia
Banks and Financial Intermediation in Emerging Asia: Reforms and New Risks	p. 5
How to Develop Capital Markets in East Asia	p. 32
Issues of Capital Market Reform
Capital Market Reform in Malaysia	p. 55
Non-tradable Share Reform in the People's Republic of China	p. 64
Trends and Best Practices in Shaping OECD Public Debt Management and Government Securities Markets	p. 75
Ten Years After: Implications of the Current Financial Market Turmoil	p. 93
Facing the North-Atlantic Financial Crisis: A European Perspective	p. 98
Emerging Risks and Challenges of Regulation, Supervision, and Corporate Governance
Corporate Governance: An IOSCO Perspective	p. 123
Governance of and by Institutional Investors in the OECD Area	p. 133
Restoring Trust in Financial Markets	p. 175
Financial Sector Supervision: What We Have Learned So Far	p. 199
Investor Protection in the Asia and the Pacific Region: Survey Findings of the Asia-Pacific Regional Committee	p. 210
The Elephant in the Room: The Need to Deal with What Banks Do	p. 231
Regional Co-Operation and Integration of Capital Markets in Asia
A New Financial Market Structure for East Asia: How to Promote Regional Financial Market Integration	p. 269
The Integration of Capital Markets in the Asian Region: Some Practical Steps Forward	p. 303
The Asian Bond Fund-2 and Regional Initiatives	p. 323
The Role of Capital Markets in Infrastructure Financing	p. 333
About the Editors and Contributors	p. 341
Index	p. 350
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