Financial Market Regulations and Legal Challenges in South Asia

Financial Market Regulations and Legal Challenges in South Asia PDF Author: Kashyap, Amit K.
Publisher: IGI Global
ISBN: 1522500057
Category : Business & Economics
Languages : en
Pages : 369

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Book Description
South Asia has experienced a long period of robust economic growth. While many regulatory policies have helped usher in this prosperous growth, some markets have plateaued due to hardships such as the decline in foreign remittance and international credit lines, and a contraction of exports. To continue to grow, the nations in this region must begin to integrate into the globalized world economy. Financial Market Regulations and Legal Challenges in South Asia addresses the difficulties and challenges of the regulatory environment in South Asia. This research-based publication outlines the apparent issues and resolutions as these developing nations transition into global economic players. This book is an excellent resource for policy makers, researchers and students in the financial field, government officials, bankers, and financial market regulators.

Financial Market Regulations and Legal Challenges in South Asia

Financial Market Regulations and Legal Challenges in South Asia PDF Author: Kashyap, Amit K.
Publisher: IGI Global
ISBN: 1522500057
Category : Business & Economics
Languages : en
Pages : 369

Get Book Here

Book Description
South Asia has experienced a long period of robust economic growth. While many regulatory policies have helped usher in this prosperous growth, some markets have plateaued due to hardships such as the decline in foreign remittance and international credit lines, and a contraction of exports. To continue to grow, the nations in this region must begin to integrate into the globalized world economy. Financial Market Regulations and Legal Challenges in South Asia addresses the difficulties and challenges of the regulatory environment in South Asia. This research-based publication outlines the apparent issues and resolutions as these developing nations transition into global economic players. This book is an excellent resource for policy makers, researchers and students in the financial field, government officials, bankers, and financial market regulators.

Financial Market Regulations and Legal Challenges in South Asia

Financial Market Regulations and Legal Challenges in South Asia PDF Author: Marianne Ojo D Delaney PhD
Publisher:
ISBN:
Category :
Languages : en
Pages :

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Book Description
As well as other aims and objectives, the chapter also seeks to address gaps in the literature -- gaps in the current and previous literature which support the fact that family firms, concentrated ownership systems and structures suffer from less problems and issues associated with information asymmetries than pre-dominantly based dispersed ownership systems and structures, as well as the claim relating to the worth and informational value of credit ratings agencies -- in particular that relating to the negative impact of credit ratings announcements and their more "significant" impacts in emerging markets. Can audits be effectively relied upon to provide better and more reliable information than credit ratings agencies?If indeed, it could be demonstrated that credit agencies only have access to publicly available information and that they "lag behind financial markets" in processing such information, then there are fundamental reasons to justify the role of audits in the selected jurisdictions -- as well as reasons to discredit the claim that concentrated ownership systems and structures suffer from less problems and issues associated with information asymmetries than pre-dominantly based dispersed ownership systems and structures.Finally, the chapter seeks to propose rules and recommendations whereby the current legal and regulatory challenges faced by financial markets in South Asia could be addressed.

Finance in Asia

Finance in Asia PDF Author: Qiao Liu
Publisher: Routledge
ISBN: 1135072973
Category : Business & Economics
Languages : en
Pages : 634

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Book Description
Asia’s demand for second-generation financial institutions and markets needs to be met in order for the region’s further development to be sustained. This book provides a compelling, fact-based assessment of current practices and regulations in Asia’s financial institutions and markets and carefully documents the exciting opportunities and challenges that lie ahead in the region’s financial systems. This book differs in design from typical treatments of financial institutions and markets because its focus is on Asia rather than using the US model (in terms of market configurations or products) as a benchmark, and its takes a contemporary and forward-looking view of financial markets. Examples of practice from Asia are used to illustrate major accepted themes in finance and financial regulation. To the extent that Asia’s main economies share characteristics that are distinct, for example, in the relationship between government and the banking sector, or in aspects of corporate governance, the book will discuss the consequences for market operation and intermediation. The book’s carefully structured facts and rigorously argued analysis carry important implications both for students in business and law and for professionals new to financial markets in Asia. It will change the way that Asian financial markets and institutions is taught in universities as well as provide a valuable resource for professionals working in finance in Asia.

Financial Sector Crisis and Restructuring

Financial Sector Crisis and Restructuring PDF Author: Carl-Johan Lindgren
Publisher:
ISBN: 9781557758712
Category : Business & Economics
Languages : en
Pages : 103

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Book Description
An IMF paper reviewing the policy responses of Indonesia, Korea and Thailand to the 1997 Asian crisis, comparing the actions of these three countries with those of Malaysia and the Philippines. Although all judgements are still tentative, important lessons can be learned from the experiences of the last two years.

Financial Market Regulation and Reforms in Emerging Markets

Financial Market Regulation and Reforms in Emerging Markets PDF Author: Masahiro Kawai
Publisher: Brookings Institution Press
ISBN: 0815704895
Category : Business & Economics
Languages : en
Pages : 441

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Book Description
"In the wake of the global financial crisis that began in 2008, offers a systematic overview of recent developments in regulatory frameworks in advanced and emerging-market countries, outlining challenges to improving regulation, markets, and access in developing economies"--Provided by publisher.

Law in the Finance-Growth Nexus

Law in the Finance-Growth Nexus PDF Author: Shalini Perera
Publisher:
ISBN:
Category :
Languages : en
Pages : 66

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Book Description
Imperfect legal systems and embryonic financial systems are not uncommon features of many emerging market and developing economies. However, the remarkable economic growth taking place among the economies of South Asia, despite poorly functioning legal systems and emerging financial systems is paradoxical to the law-finance-growth nexus widely accepted by academics and international organisations.This article explores the role of law and legal institutions in the finance-growth nexus and seeks to bring a focus to the quest for economic growth among emerging market and developing economies. It argues that the countries of South Asia are among a growing number of emerging market and developing economies in direct contradiction to the law-finance-growth nexus. It questions the 'law matters' premise in the context of the emerging market and developing economies in South Asia experiencing rapid growth in the recent past and the applicability of the law-finance-growth nexus. The proposition advanced is that economic growth among these countries is not premised upon well-established legal systems or mature financial systems as broadly accepted and advanced by the literature.

Corporate Governance in South Asia

Corporate Governance in South Asia PDF Author: Tom Kirchmaier
Publisher:
ISBN: 9789292626716
Category :
Languages : en
Pages : 114

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Book Description
This report analyzes four core areas of corporate governance in South Asia in light of global trends and best practices. It assesses the necessary regulatory preconditions for strong financial and economic development. The four core areas analyzed are (i) corporate governance legal frameworks, (ii) board structure and board diversity, (iii) corporate governance of state-owned enterprises, and (iv) anti-money laundering and compliance. The findings are relevant for developing countries around the world, as corporate governance impacts evolving challenges such as the coronavirus disease pandemic, climate change, and sustainable global trade.

The Legal and Institutional Framework for Corporate Financial Reporting Practices in South Asia

The Legal and Institutional Framework for Corporate Financial Reporting Practices in South Asia PDF Author: Kamran Ahmed
Publisher:
ISBN:
Category :
Languages : en
Pages : 0

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Book Description
While most of accounting research concentrates mainly on Europe and developed countries, the South Asian region has not been substantially explored. The purpose of this paper is to examine the legal and institutional environment for corporate financial reporting practices in three South Asian countries of the South Asian Association for Regional Cooperation (SAARC), namely Bangladesh, India and Pakistan. On the basis of examining similarities and differences in environmental factors, classification of South Asian countries and the legal and institutional framework for corporate financial reporting, this paper also explores the possibilities of regional harmonization. It is observed that the three South Asian countries share similar social, political, economic and other environmental factors. Although greater similarities are observed in areas of financial reporting requirements in company law, minor differences are found in the areas of securities exchange law and the standard-setting processes among the three countries. The paper concludes that the prevailing similarities in political, legal, economic, business ownership, accounting profession, culture and institutional structures in the three countries should have facilitated regional accounting harmonization. However, the accounting professional bodies within each country have adopted IASs as the basis of national accounting standards, mostly driven external investments need and the policies pursued the governments in recent years within the region. Since the South Asian countries are important in the context of global capital markets, this paper will help future researchers and regulatory bodies to understand more clearly the comparative current accounting and reporting regulations within the region.

Asian Perspectives on Financial Sector Reforms and Regulation

Asian Perspectives on Financial Sector Reforms and Regulation PDF Author: Masahiro Kawai
Publisher: Brookings Institution Press
ISBN: 0815722109
Category : Business & Economics
Languages : en
Pages : 338

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Book Description
"Examines Asia's emerging markets, which survived the financial debacle of 2008-09 with only modest declines in growth; discusses activities that could dampen continuing development in these markets including inflation, surging capital inflows, asset and credit bubbles, and rapid currency appreciation; and offers strategies to promote financial stability"--Provided by publisher.

Islamic Finance and Global Capitalism

Islamic Finance and Global Capitalism PDF Author: James Simon Watkins
Publisher: Springer Nature
ISBN: 3030598403
Category : Business & Economics
Languages : en
Pages : 533

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Book Description
This book examines whether Islamic finance and Islamic economics is challenging the orthodoxy of the money markets. Can ethical finance combined with the prohibition on interest and speculation really work in the global economy? With a political economy approach, the book explores how the industry has grown in modern times – from a short-lived bank in an Egyptian city in the 1960s through to a global industry that is today valued at US$2.05 trillion. From the revelation as articulated by the Prophet Muhammed in the seventh century through to the gleaming 21st century skyscrapers of Dubai and Kuala Lumpur, the book covers the end of European colonialism, the controversial utterances of self-styled religious leaders, the impact of Islamophobia, and the efforts to end poverty through Islamic microfinance. The book uncovers an industry that is both profitable and changing the face of contemporary capitalism.