Financial Regulatory Reform in Global Perspective: Discussion in the Global Summit of Shadow Financial Regulatory Committees

Satoshi Koibuchi
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Satoshi Koibuchi: Associate Professor of Finance, Faculty of Commerce, Chuo University, and Visiting Scholar, Asia-Pacific Research Center, Stanford University

Public Policy Review, 2016, vol. 12, issue 2, 239-252

Abstract: This paper summarizes the direction of financial regulatory reforms in Japan, the United States, Europe, Australia and New Zealand after the global financial crisis based on debates at the global summit of Shadow Financial Regulatory Committees in Tokyo in October 2013, to which financial and economic experts from six regions around the world were invited. After the summarization, the paper sorts out and assesses several points of discussion that tend to be overlooked during debates on strengthening of financial regulations (identification of the causes of crises, increasing complexity of regulations and the role of market discipline) in relation to the problems concerning liquidity regulation that were cited in a recommendation issued at the global summit.

Keywords: financial regulatory reform; Shadow Financial Regulatory Committees; liquidity regulation (search for similar items in EconPapers)
JEL-codes: F36 G18 G28 (search for similar items in EconPapers)
Date: 2016
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Persistent link: https://EconPapers.repec.org/RePEc:mof:journl:ppr012_02c

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