Financial Regulatory Modernization: Experiences and Lessons from Common Law Jurisdictions

Guangdong Social Sciences (Guangdong Shehui Kexue), Vol. 1, pp. 181-187, 2009

9 Pages Posted: 10 Apr 2009

See all articles by (Robin) Hui Huang

(Robin) Hui Huang

Chinese University of Hong Kong - Faculty of Law; 华东政法大学(East China University of Political Sicence and Law); University of New South Wales - Faculty of Law

Date Written: April 10, 2009

Abstract

The aim of this article is to examine the financial regulatory regimes in common law jurisdictions and based upon the results of such examination, set out reform proposals for China. The reforms undertaken in common law countries, including the US, the UK and Australia, are discussed and sorted into three models, namely the US 'multi-regulators model', the UK 'single-regulator model' and the Australian 'twin peaks model'. It is submitted that the US model can be used in the short term, and with the further growth of China's financial markets, the long-term solution should be the Australian model and to a lesser extent the UK model.

Note: Downloadable document is in Chinese.

Keywords: Financial regulation, Financial reform, China, International Comparison

JEL Classification: K22

Suggested Citation

Huang, (Robin) Hui, Financial Regulatory Modernization: Experiences and Lessons from Common Law Jurisdictions (April 10, 2009). Guangdong Social Sciences (Guangdong Shehui Kexue), Vol. 1, pp. 181-187, 2009, Available at SSRN: https://ssrn.com/abstract=1376165

(Robin) Hui Huang (Contact Author)

Chinese University of Hong Kong - Faculty of Law ( email )

Shatin, New Territories
Hong Kong
852-39431805 (Phone)
852-29942505 (Fax)

HOME PAGE: http://www.law.cuhk.edu.hk/people/huang-hui-robin.php

华东政法大学(East China University of Political Sicence and Law) ( email )

1575 Wanhangdu Rd.
Changning, Shanghai 200042
China

University of New South Wales - Faculty of Law ( email )

Sydney, New South Wales 2052
Australia
61-2-9385 9649 (Phone)
61-2-9385 1175 (Fax)

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