国际经济法精品教学（华南师范大学）legalsystemoninternationalfinancialregulation.ppt

Legal System on International Financial Regulation,Chapter 13 Legal System on International Cooperation in Regulating the Banking Industry Chapter 14 Legal Framework on International Securities Regulation Chapter 15 Chapter 16 A case study on the Potential US-China Exchange Rate Dispute,Chapter 13 Legal System on International Cooperation in Regulating the Banking Industry,Section 1 The Hard Law under the IMF System with regard to International Monetary Regulation (including Global Banking Regulation) 1. Background the Articles of Agreement of the International Monetary Fund was created for the reconstruction of the international financial order after the Second World War.,2. Evolution of the IMF Regulatory System 2.1 The Bretton Woods System with regard to International Monetary Regulation 2.1.1 The Double-peg Gold Standard (1) US dollar was established as the currency for international reserve and pegged to gold. (2) the IMF, a permanent international monetary and financial institution, was established; (3) ways for issuance and conversion of the dollar was stipulated; (4) the fixed exchange rate system was defined; (5) financial intermediation programs were put forward. 2.1.2 Advantages of the Bretton Woods System 2.1.3 Collapse,2.2 The Jamaica System (1) diversification of international reserve results in the instability of international monetary order; (2) the floating exchange rate system intensifies chaos and turbulence of the international financial market and system; (3) diversification of monetary mediation mechanism.,Section 2 The Soft Law under Basel System with regard to International Banking Regulation,The Basel System refers to the legal framework where the Basel Committee on Banking Supervision regulates banks of developed countries according to the core regulatory principle of capital adequacy ratio. 1. The Basel Committee In 1974, G10 2. the Basel System,3.1 Basic Norm of the Basel Concordat (1) suggests that overseas establishment of any bank should not avoid regulation; (2) defines regulatory responsibilities of the home and host countries of the banks. 3.2 Basic Norms of the Basel Accord The uniform minimum capital adequacy requirement for all banks of the Member States. According to this accord, minimum capital adequacy ratio for all banks of the Member States is set at 8%.,一、国际银行资本充足率原则 世界经济合作与发展组织巴塞尔会议 巴塞尔协议对国际性银行监管主体缺位的问题提出建议： （1）任何银行的国外机构都不能逃避监管； （2）母国和东道国应共同承担监管职责。 二、国际银行资本充足率监管 资本充足率不得低于8； 核心资本（价值比较稳定、流动性高的资本）构成计算公式的分子部分，分母部分由银行有风险的资产构成。,3.3 The New Basel Accord In 1999, the Basel Committee put forward the first draft of the New Capital Accord that features the “three pillar” concept: (1) minimum capital requirements (addressing risk); (2) supervisory review; and (3) market discipline to promote greater stability in the financial system.,三、国际银行信用管理原则 （一）信用风险管理 1.信用风险监管领域 “贷款风险集中程度和大额贷款的风险”、“关联贷款的风险”、“国家风险” 2.监管方法 国际间信用风险预警系统，信用风险管理原则 （二）大额贷款披露制度 1、大额贷款监控 2、贷款领域集中监控 （三）利率风险监管,四、1997年，巴塞尔委员会公布有效银行监管的核心原则 有效银行监管的核心原则：1.银行产权结构审查等；2.持续性银行监管原则；3.监管部门的权利。 主要特点：母国东道国合作，并表监管（母国监管部门对分散在世界各地的分支机构的资产负债表集中合并，系统分析）。 实施方式：银行自律，国际组织协助，市场淘汰机制，国内法纳入,Chapter 16 A case study on the Potential US-China Exchange Rate Dispute,Textbook p.431-440. (1) What are the potential actions that could be used by the USA by punishing Chinas alleged manipulation of its currency? What would be result of these actions? (2) What is the content of the punitive legislation introduced by Senate Schumer? Is it possible for the US Congress to adopt such legislation against China? Why?,(3) Why did James Bacchus predict that the US might lose the case in the WTO to China if the US congress decided to adopt such legislation against China? Why did he conclude that the potential US-China dispute before the WTO could do harm to the WTO?