Integration & Interconnectedness in Global Finance

Journal of Financial Regulation 2016 Annual Conference

Jointly organized with the Asian Institute of International Financial Law, (The University of Hong Kong), Centre for Banking and Finance Law (National University of Singapore), Centre for Cross-Border Commercial Law in Asia (Singapore Management University), Institute of Comparative Law (Faculty of Law, Chinese University of Hong Kong), Pantheon-Assas School of Law (University of Paris) and City University of Hong Kong

Supported by:

RGC Theme-based Research Scheme Project: “Enhancing Hong Kong’s Future as a Leading International Financial Centre”

24-25 June2016 (Friday and Saturday)
Academic Conference Room 11/F Cheng Yu Tung Tower
Faculty of Law, University of Hong Kong 

KEYNOTE OPENING REMARKS

Ashley Alder, JP, Chief Executive Officer, Hong Kong Securities and Futures Commission &Chairman of the Board of the International Organization of Securities Commissions

Chair: Douglas Arner, University of Hong Kong

Session 1: NATIONAL POLICY, INTERNATIONAL SPILLOVERS

Chair: Georg Ringe, Copenhagen Business School

Christian Eufinger et al, IESE Business School,“Whatever it Takes: The Real Effects of Unconventional Monetary Policy”

Charles Goodhart and Dirk Schoenmaker ,LSE and Rotterdam,“Global Investment Banks are all Becoming American: What are the Policy Issues?”

Session2: CROSS-BORDER LIQUIDITY

Chair: Georg Ringe, Copenhagen Business School

Daniel Awrey, University of Oxford, “The Euromoney Problem”

Christian Hofmann, National University of Singapore,“Central Bank Lending of Last Resort”

Mike Aitken, David Donald, Chinese University of Hong Kong, Vito Mollica and Karen Wang,“Liquidity Effects from Asian Market Linkages: Structural Improvement or Liberalization?”

Discussant: Paul Lejot, University of Hong Kong

Session3: CROSS-BORDER CAPITAL MARKET INTEGRATION

Chair: Daniel Awrey, University of Oxford

Dirk Zetzsche, University of Luxembourg, “Building a Global Framework for Investment Funds: A Euro-Asian Comparison”

Wai Yee Wan, Singapore Management University, “Cross-Border Public Offering of Securities in Fostering an Integrated ASEAN Securities Market: The Experiences of Singapore, Malaysia and Thailand”

Annelise Riles, Cornell Law School, “New Approaches to International Financial Regulation”

Discussant: Georg Ringe, Copenhagen Business School

Session 4: DIFFUSION OF INTERNATIONAL FINANCIAL STANDARDS

Chair: Daniel Awrey, University of Oxford

Emily Jones and Alexandra Zeitz, University of Oxford, “The Limits of Globalizing Basel: Why Regulators Around the World are Responding Differently to Basel Banking Standards”

David Zaring, Wharton,“How Do Regulatory Practices Spread?”

Keith Noyes, International Securities and Derivatives Association (ISDA),“Toward Global Regulatory Harmonisation: Mandatory Margining for Non-cleared Swaps”

Discussant: Thierry Bonneau, University Paris, Panthéon Assas School of Law

Session 5: EARLY CAREER PANEL

Chair: Douglas Arner, University of Hong Kong

Alexandra Zeitz, University of Oxford, “The Financial Statecraft of Debtors: A Diversified Financing Landscape and the Bargaining Power of African Sovereign Borrowers”

Maziar Peihani, National University of Singapore, “Financial Regulation and Disruptive Technologies: The Case of Cloud Computing In Singapore”

Mirik van Rijn, University of Nijmegen, “Cross-sectoral Resolution of Financial Institutions in the European Union”

Session 6: FINTECH AND THE PROMISE (AND PERILS) OF THE BORDERLESS CAPITAL MARKET

Douglas Arner, University of Hong Kong, “FinTech and RegTech: Opportunities and Challenges”

Matthias Lehmann, University of Bonn,“Who Should Regulate FinTech?”

Kathryn Judge, Columbia Law School, “The Role of Law in the Evolution of Financial Bundles”

Discussant: Daniel Awrey, University of Oxford

Closing Panel Discussion: WHAT NEXT FOR ASIA’S FINANCIAL ARCHITECTURE?

Chair: Douglas Arner, University of Hong Kong

Hwa-Jin Kim, Seoul National University, “What Next for Asia’s Financial Architecture? A Korean Perspective”

James Shipton, Program on International Financial Systems, Harvard Law School, “Challenges Facing Regulators and Utilizing Appropriate Regulatory Tools”

Alexander Loke, City University of Hong Kong, “Till the Next Crisis?”