| Summary: | As a result of innovations in financial technology and financial liberalization, financial
sectors have operated more globally in the past decades. It is clear that the process of
globalization highlights the importance of international standards. In the area of
international banking, GATS and Basel Principles are the most influential standards because
no countries can conduct their banking activities in global market without the consideration
of these two regimes.
Both China and Taiwan are seeking to join the WTO and have committed a lot of efforts
in their banking reforms by reference to GATS. However, the eruption and contagion of
Asian Financial Crisis in 1997 demonstrates that most Asian countries, including China and
Taiwan, fail to develop a prudential and comprehensive banking regulatory regime in
consistent with the Basel Principles before, or, at a minimum, no later than financial
liberalization. Thus, in recommending financial liberalization and globalization through a
safe and sound banking supervisory system, this thesis introduces a comparative study of the
banking supervisory regimes in China and Taiwan under the impact of the international
banking regime constructed by the GATS and the Basel Principles.
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