Global Bank Regulation: Principles and Policies

Introduction: The Global Financial System and the Problems of Regulation

This book examines the principles, policy, and law relating to the regulation of international banking. Other regulation textbooks focus on the laws and regulations of one particular country, be it the United States or Britain or some other important banking center. This approach is understandable, since regulations have traditionally been made and applied at the national level. Nonetheless, during the past 30 years, financial systems, markets, and institutions turned global. Each of the leading international banks now operates in dozens of countries and is therefore subject ...