Journal of Regulation & Risk North Asia1
Publisher & Editor-in-Chief
Christopher Rogers
Editor Emeritus
Dr. John C. Pattison
Editor
Ian Watson
Chief Sub Editor
Fiona Plani
Editorial Contributors
Pro. Lawrence Baxter, Xavier Bellouard, Pro. William Black, Pro. Charles L.Calomiris, Dr. Yeon-Koo Chi, Pro. Jon Danielsson, Satyajit Das, George Feiger,Ian Fraser, Dr. Gene Guill, Andrew G. Haldane, Pro. Laurence J. Kotliko, Dr.Brett King, Pro. Paul Krugman, Pro. Rajesh Kumar, Desmond Lachman, JohnH. Makin, Ramon Moreno, Adam S. Posen, Robert Pringle, Pro. Carmen M.Reinhart, Vincent Reinhart, Dr. Rajiv Sethi, Benjamin Shobert, Shahin Shojai,Gavin Sudhakar, Pro. Jennier S. Taub, Carlos Tavares, Terry Tse, Adair Turner,Steve Randy Waldman, Peter J. Wallison, William R. White, Pro. Charles Wyplosz.
Design & Layout
Lamma Studio Design
Printing
DG3
Distribution
Deltec International Express Ltd
ISSN No:
2071-5455
Journal of Regulation and Risk – North Asia
5/F, Suite 502, Wing On Building, 71 Des Voeux Road, Central, Hong KongTel (852) 2982 0297Email: christopher.rogers@irrna.orgWebsite: www.jrrna.org
JRRNA
is published quarterly and registered as a Hong Kong journal. It isdistributed to governance, risk and compliance proessionals in China,Hong Kong, Japan, Korea and Taiwan.
© Copyright 2011
Journal of Regulation & Risk – North Asia
Material in this publication may not be reproduced in any orm or in any waywithout the express permission o the Editor or Publisher.
Disclaimer: While every eort is taken to ensure the accuracy o the inormation herein, the editorcannot accept responsibility or any errors, omissions or those opinions expressed by contributors.