Preface Introduction
I: DEVELOPMENT OF CAPITAL MARKETS IN ASIA
Banks and Financial Intermediation in Emerging Asia: Reforms and New Risks M S Mohanty and Philip Turner
How to Develop Capital Markets in East Asia Andrew Sheng
II: ISSUES OF CAPITAL MARKET REFORM
Capital Market Reform in Malaysia Zarinah Anwar
Non-tradable Share Reform in the People's Republic of China Xinghai Fang
Trends and Best Practices in Shaping OECD Public Debt Management and Government Securities Markets Hans J Blommestein
Ten Years After: Implications of the Current Financial Market Turmoil Atchana Waiquamdee
Facing the North-Atlantic Financial Crisis: A European Perspective Hans-Helmut Kotz
III: EMERGING RISKS AND CHALLENGES OF REGULATION, SUPERVISION, AND CORPORATE GOVERNANCE
Corporate Governance: An IOSCO Perspective Jeremy Cooper
Governance of and by Institutional Investors in the OECD Area Stephen Lumpkin
Restoring Trust in Financial Markets Stephen Grenville
Financial Sector Supervision: What We Have Learned So Far Stephen Grenville
Investor Protection in the Asia Pacific: Survey Findings of the Asia-Pacific Regional Committee Lynn Hew and Mohammad Nizam Ismail
The Elephant in the Room: The Need to Deal with What Banks Do Adrian Blundell-Wignall, Gert Wehinger, and Patrick Slovik
IV: REGIONAL CO-OPERATION AND INTEGRATION OF CAPITAL MARKETS IN ASIA
A New Financial Market Structure for East Asia: How to Promote Regional Financial Market Integration Gordon de Brouwer and Jenny Corbett
The Integration of Capital Markets in the Asian Region: Some Practical Steps Forward Gordon de Brouwer and Lorraine Allan
The Asian Bond Fund-2 and Regional Initiatives Thirachai Phuvanatnaranubala
The Role of Capital Markets in Infrastructure Financing Worapot Manupipatpong Index

Capital Market Reform in Asia contains a selection of papers that capture the essence of capital market reform in the Asian region, including important lessons from the global financial crisis of 2007–2009. It points to the need for Asian economies to adapt their capital market development strategies to rebalance growth by increasing mobilization of Asian savings for Asian investment.

Capital Market Reform in Asia is derived from 11 round table conferences on Capital Market Reform in Asia, jointly organized by Asian Development Bank Institute (ADBI) and the Organization for Economic Co-operation and Development (OECD).

The volume charts the progress of capital market development in Asia after the 1997–1998 Asian financial crisis, providing insights into capital market reform and the new challenges that have arisen since the global financial crisis of 2007–2009, amidst reforms to the international financial architecture.