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Full-Text Articles in Business Law, Public Responsibility, and Ethics
What Effect Does Financial Law Have On The Wealth Management Industry (And Wealth) In Emerging Markets?, Bryane Michael
What Effect Does Financial Law Have On The Wealth Management Industry (And Wealth) In Emerging Markets?, Bryane Michael
Bryane Michael (bryane.michael@stcatz.ox.ac.uk)
What effect does financial law have on wirehouses' ability to gather customers and their assets in emerging markets? In this presentation, I look at the data showing the primal importance of law in explaining wealth managers' ability to gather assets. I present a synthesis of some of the research on legislative/regulatory change and the growth of the wealth management industry.
Last Of The Tai-Pans: Improving The Sustainability Of Long-Term Financial Flows By Improving Hong Kong’S Corporate Governance, Bryane Michael
Last Of The Tai-Pans: Improving The Sustainability Of Long-Term Financial Flows By Improving Hong Kong’S Corporate Governance, Bryane Michael
Bryane Michael (bryane.michael@stcatz.ox.ac.uk)
Hong Kong leads the rank tables as an international financial centre. However, the data indicate that some parts of her corporate governance arrangements probably detract from – rather than contribute to – that leading position. In this brief, we show how excessive shareholding concentration, probably self-dealing, insufficient minority shareholder recourse to mechanisms aimed at protecting their investments, and Hong Kong’s close links with several “tax havens” probably weaken Hong Kong’s role as an international financial centre. We present 18 recommendations aimed at increasing the volume of international financial capital coming to the city by improving Hong Kong’s corporate governance.