亞洲金融規範
Financial Regulations in Asia
| 節 | 週四 |
|---|---|
A 18:30–19:20 | 亞洲金融規範 圖書室 2 節連堂 |
B 19:30–20:20 |
* 根據陽明交大上課時間表所列
Course outline: This course will explore various topics relating to financial regulations in Asia, with a particular focus in international financial regulations and the developed in Singapore and Hong Kong, the two biggest international financial centres in East and Southeast Asia outside Japan. The course will focus mainly on banking regulations; but some issues in insurance regulations and capital market regulations will also be compared. Throughout the courses, we will discuss and consider a wide ranges of issues from new global trend in regulatory structure, prudential regulations and to misselling of financial products and OTC derivatives regulation. We will discuss both theoretical issues as well as some details of regulations to allow students to have a bird eye view of key issues facing financial regulators and market participants in the digital era. Course objectives: By the end of this course, students will be able to: • Understand the regulatory structure and source of law for financial regulations in relevant jurisdictions; • Finding out key resources and rules in Singapore, Hong Kong, China and Taiwan; • Identifying key legal issues facing financial regulators and market participants; • Evaluating potential consequences of financial regulations on a financial transaction; • Understand basic compliance issues facing financial institutions.
Tentative schedule: Tentatively in late May/June 2019
1.課程相關事項將透過E3教學平台適時發布,課程相關問題可透過教師信箱,或與所辦行政助理反應(jca888@g2.nctu.edu.tw)。 2.非科法所學生因特殊情形需請假及補課者,須經授課教師同意,並自行處理錄音補課事宜。
| 週次 | 主題 |
|---|---|
| 第 1 週 | 1. General overview Background: the financial market and financial institutions in East and Southeast Asia Functions of different financial institutions and regulatory goals Design of regulatory structure, regulator(s) and law Source of law: Domestic regulations and international soft law |
| 第 2 週 | 2. Corporate governance and key person Key persons approval and criteria Corporate governance rules Remuneration |
| 第 3 週 | 3. Prudential regulation – Capital adequacy and solvency Basel Accord: historical development of the Basel Accord New developments post global financial crisis Cf. Solvency standards for insurers |
| 第 4 週 | 4. Regulation on investment and risk management Restraints on banks’ investment in equity and land Regulation on investment made by insurers Impact of Volcker Rule from the US Separation of finance from industry |
| 第 5 週 | 5. OTC derivatives regulation Meaning and function of derivatives Function of the ISDA master agreement Mandatory reporting, clearing and trading rules |
| 第 6 週 | 6. Resolution of financial institution and G-SIFI Resolution of financial institution in the domestic context Meaning of global systemically important financial institutions Resolution of G-SIFI and the key contributes |
| 第 7 週 | 7. Conduct of business General conduct of business and its effects Bank-customer relationship Bank secrecy Misselling and financial consumer protection Dispute resolution |
| 第 8 週 | 8. Anti-money laundering and terrorism financing; Tax |
| 第 9 週 | 9. New frontiers Mobile and digital banking Alternative risk management and transfer Financial technology and regulatory sandbox |
Reference materials * No need to purchase. 1. Emilio Avgouleas, Governance of Global Financial Markets: The Law, The Economics, The Politics (Cambridge University Press 2012) 2. Regulatory rules or policy documents 1. Hong Kong (‘Cap’ means Chapter.) a. Banking Ordinance (Cap 155) b. Insurance Companies Ordinance (Cap 41) c. HKMA Supervisory Policy Manuals: http://www.hkma.gov.hk/eng/key-functions/banking-stability/supervisory-policy-manual.shtml 2. Singapore a. Banking Act (Cap 19) b. Insurance Act (Cap 142) c. Financial Advisers Act (Cap 110) d. MAS: http://www.mas.gov.sg/Regulations-and-Financial-Stability/Regulations-Guidance-and-Licensing.aspx 3. Taiwan a. Banking Act銀行法 b. Insurance Act保險法 4. Bank of International Settlement, Core Principles of Effective Banking Supervision (2012): http://www.bis.org/publ/bcbs230.htm 5. Basel Accord: a. Basel II: http://www.bis.org/publ/bcbsca.htm b. Basel III: http://www.bis.org/bcbs/basel3.htm?m=3%7C14%7C572 6. Volcker rule (see the Final Rule): http://www.occ.gov/topics/capital-markets/financial-markets/trading/volcker-rule-implementation/index-volcker-rule-implementation.html 7. FSB, Key Attributes of Effective Resolution Regimes for Financial Institutions’ (2014), http://www.financialstabilityboard.org/2014/10/r_141015/ 8. FATF Standards: http://www.fatf-gafi.org/publications/fatfrecommendations/?hf=10&b=0&s=desc(fatf_releasedate)