Researches on Harmonization of Bank Regulations and Financial Innovations

摘要：

The ongoing financial crisis originated in a relatively small segment of the U.S. financial innovation market-namely sub-prime residential mortgages has significant impact on the slowdown of global economy and threatens systemically important banking institutions and financial markets. The crisis has pushed several national governments to review the architecture of financial sector regulations and puts forward the subject on how to harmonize bank regulations and financial innovations. This paper outlines the links between bank regulations and financial innovation and highlights some suggestions for policy makers. Bank regulations should keep pace with financial innovations through much more scientific methods and instruments, while financial innovations should weigh risks whose economic burden should be bearable within the systemic bank regulations and traditional effective regulation principles and measures.

关键词： bank regulation bank supervision financial innovation

作者: Zhang Xuebo Yang Ji Qi Dongmei

作者单位: Donghua University, Shanghai, P.R.China, 200051 Shanghai Finance University, Shanghai, P.R.China, 201209 Bank of China Limited, Shanghai, P.R.China, 200120

会议类型: 国际会议

会议名称: 4th International Conference on Productinnovation Management(第四届产品创新管理国际会议)

会议地点: 武汉

会议语种:英文

页码: 1176-1179

在线出版日期: 2009-08-22（万方平台首次上网日期，不代表论文的发表时间）