Twin peaks for Hong Kong?



What capital market reforms, if any, would you think appropriate in the region in light of the present economic crisis?

Reforms will follow from lessons learnt in the current financial crisis. One immediate structural reform is likely to centre on the need to take a good look at functional regulation. Commercial banking has changed from just deposit-taking and lending to the selling of all kinds of financial products and arranging for bond issues in the capital markets. The regulators of the

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