A Study on Designing a Financial Supervisory Institution in Taiwan

Authors: Hwang D-Y.¹; Lin J-C.²; Lin C-C.³

Source: Review of Quantitative Finance and Accounting, Volume 20, Number 1, January 2003 , pp. 81-106(26)

Publisher: Springer

Buy & download fulltext article:

Price: $47.00 plus tax (Refund Policy)

Abstract:

This paper investigates world trends in financial supervision, including the separation of treasury and finance and the shift from departmental regulation to functional regulation. Based on the trend toward integration in financial supervision and examination, this paper proposes the adoption of a functional approach to financial supervision and the problems that may occur when we restructure the financial supervisory framework in Taiwan. This paper also discusses various financial supervisory institution models and weighs their advantages and disadvantages. Finally, it advances other issues concerned with the restructuring of the financial supervisory system, including the repositioning of the Central Deposit Insurance Corporation (CDIC), and adjustments in the powers conferred upon the Central Bank to conduct examinations.

Keywords: functional regulation; financial supervisory institution; financial affairs foundation

Language: English

Document Type: Research article

Affiliations: 1: Department of Finance, National Taiwan University, Taipei, Taiwan 2: Department of Finance, Tamkang University, Taipei, Taiwan 3: Department of Business Administration, Kao-Yuan Institute of Technology, Kaohsiung, Taiwan

Publication date: 2003-01-01