Book description
Its focus on the prudential, global regulation of financial institutions drives this book’s unique exploration of over-arching policy principles. Integrating theory, history, and policy debates, it provides a high-level, strategic treatment of the regulation of global banking. With finely focused definitions and an intuitive scope, the authors pay particular attention to the international standards sent by bodies such as the Basel Committee on Banking Supervision and the European Union. By beginning with the main justifications for the prudential regulation of banks and concluding with the financial crisis that began in 2007, this lucid and engaging account of the principles, policies, and laws related to the regulation of international banking explains why and how governments work so hard on a convergence of rules and regulations.
- Defines the over-arching policy principles of capital regulation
- Explores main justifications for the prudent regulation of banks
- Discusses the 2007-2009 financial crisis and the next generation of international standards of financial institution regulation
- Examines tools for ensuring the adequate supervision of a firm that operates across all time zones
Table of contents
- Cover image
- Title page
- Table of Contents
- Dedications
- Acknowledgments
- Copyright
- Introduction: The Global Financial System and the Problems of Regulation
- Chapter 1. The Changing Nature of Banks
- Chapter 2. Panics, Bank Runs, and Coordination Problems
- Chapter 3. Collapsing Dominos and Asset Price Spirals
- Chapter 4. The Financial Safety Net and Moral Hazard
- Chapter 5. Sources of Financial Regulation
- Chapter 6. Bank Licensing and Corporate Governance
- Chapter 7. Banks in Corporate Groups: Ownership and Affiliation
- Chapter 8. The Rationale for Bank Capital Regulation
- Chapter 9. The New Capital Adequacy Framework: Basel II and Credit Risk
- Chapter 10. The New Capital Adequacy Framework: Basel II and Other Risks
- Chapter 11. Direct Limits on Banks’ Risk Taking
- Chapter 12. Consolidated Supervision and Financial Conglomerates
- Chapter 13. Anti-Money Laundering
- Chapter 14. Bank Insolvency
- Chapter 15. Institutional Structures of Regulation
- Chapter 16. Regulation After the Global Financial Crisis
- Appendix. Introduction to Regulation and Market Failure
- Index
Product information
- Title: Global Bank Regulation
- Author(s):
- Release date: November 2009
- Publisher(s): Academic Press
- ISBN: 9780080925806
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