Financial Reform: The View from East Asia
- 12:00 pm on Monday, February 25, 2013
- 2:00 pm on Monday, February 25, 2013
- 53 Bay State Road
Since 2008, there have been enormous changes in financial regulation and supervision in the United States and Europe, as well as significant new standard-setting and rulemaking at the global level through the G-20, Financial Stability Board, Basel Committee, International Association of Insurance Supervisors, etc. Much of this has been focused on increasing restrictions on financial institutions, in the form of capital adequacy, liquidity coverage, and limitations on business conduct. The actions of East Asian authorities have contrasted with the angst-driven policymaking of the United States and Europe. In Japan, regulation and supervision have seen few substantive changes, while Chinese authorities have by and large continued to pursue a path of measured liberalization. This presentation will provide an overview and tentative explanations of regulatory trends in the two countries. This presentation will be led by William W. Grimes, Department Chair of International Relations and Professor of International Relations and Political Science at Boston University. Please RSVP on the following link.