Global Bank Regulation

Global Bank Regulation
Author: Heidi Mandanis Schooner,Michael W. Taylor
Publsiher: Academic Press
Total Pages: 352
Release: 2009-11-24
ISBN 10: 9780080925806
ISBN 13: 0080925804
Language: EN, FR, DE, ES & NL

Global Bank Regulation Book Review:

Global Bank Regulation: Principles and Policies covers the global regulation of financial institutions. It integrates theories, history, and policy debates, thereby providing a strategic approach to understanding global policy principles and banking. The book features definitions of the policy principles of capital regularization, the main justifications for prudent regulation of banks, the characteristics of tools used regulate firms that operate across all time zones, and a discussion regarding the 2007-2009 financial crises and the generation of international standards of financial institution regulation. The first four chapters of the book offer justification for the strict regulation of banks and discuss the importance of financial safety. The next chapters describe in greater detail the main policy networks and standard setting bodies responsible for policy development. They also provide information about bank licensing requirements, leading jurisdictions, and bank ownership and affiliations. The last three chapters of the book present a thorough examination of bank capital regulation, which is one of the most important areas in international banking. The text aims to provide information to all economics students, as well as non-experts and experts interested in the history, policy development, and theory of international banking regulation. 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

Global Financial Development Report 2019 2020

Global Financial Development Report 2019 2020
Author: World Bank
Publsiher: World Bank Publications
Total Pages: 152
Release: 2019-11-22
ISBN 10: 1464814961
ISBN 13: 9781464814969
Language: EN, FR, DE, ES & NL

Global Financial Development Report 2019 2020 Book Review:

Over a decade has passed since the collapse of the U.S. investment bank, Lehman Brothers, marked the onset of the largest global economic crisis since the Great Depression. The crisis revealed major shortcomings in market discipline, regulation and supervision, and reopened important policy debates on financial regulation. Since the onset of the crisis, emphasis has been placed on better regulation of banking systems and on enhancing the tools available to supervisory agencies to oversee banks and intervene speedily in case of distress. Drawing on ten years of data and analysis, Global Financial Development Report 2019/2020 provides evidence on the regulatory remedies adopted to prevent future financial troubles, and sheds light on important policy concerns. To what extent are regulatory reforms designed with high-income countries in mind appropriate for developing countries? What has been the impact of reforms on market discipline and bank capital? How should countries balance the political and social demands for a safety net for users of the financial system with potentially severe moral hazard consequences? Are higher capital requirements damaging to the flow of credit? How should capital regulation be designed to improve stability and access? The report provides a synthesis of what we know, as well as areas where more evidence is still needed. Global Financial Development Report 2019/2020 is the fifth in a World Bank series. The accompanying website tracks financial systems in more than 200 economies before, during, and after the global financial crisis (http://www.worldbank.org/en/publication/gfdr) and provides information on how banking systems are regulated and supervised around the world (http://www.worldbank.org/en/research/brief/BRSS).

Principles of Banking Regulation

Principles of Banking Regulation
Author: Kern Alexander
Publsiher: Cambridge University Press
Total Pages: 492
Release: 2019-06-06
ISBN 10: 110842726X
ISBN 13: 9781108427265
Language: EN, FR, DE, ES & NL

Principles of Banking Regulation Book Review:

Analyses banking regulation and recent international developments, including Basel IV, bank resolution and Brexit, and their impact on bank governance.

Global Financial Regulation

Global Financial Regulation
Author: Howard Davies,David Green
Publsiher: John Wiley & Sons
Total Pages: 328
Release: 2013-05-08
ISBN 10: 0745655882
ISBN 13: 9780745655888
Language: EN, FR, DE, ES & NL

Global Financial Regulation Book Review:

As international financial markets have become more complex, so has the regulatory system which oversees them. The Basel Committee is just one of a plethora of international bodies and groupings which now set standards for financial activity around the world, in the interests of protecting savers and investors and maintaining financial stability. These groupings, and their decisions, have a major impact on markets in developed and developing countries, and on competition between financial firms. Yet their workings are shrouded in mystery, and their legitimacy is uncertain. Here, for the first time, two men who have worked within the system describe its origins and development in clear and accessible terms. Howard Davies was the first Chairman of the UK's Financial Services Authority, the single regulator for the whole of Britain's financial sector. David Green was Head of International Policy at the FSA, after spending thirty years in the Bank of England, and has been closely associated with the development of the current European regulatory arrangements. Now with a revised and updated introduction, which catalogues the changes made since the credit crisis erupted, this guide to the international system will be invaluable for regulators, financial market practitioners and for students of the global financial system, wherever they are located. The book shows how the system has been challenged by new financial instruments and by new types of institutions such as hedge funds and private equity. Furthermore, the growth in importance of major developing countries, who were excluded for far too long from the key decision-making for a has led to a major overhaul. The guide is essential reading for all those interested in the development of financial markets and the way they are regulated. The revised version is only available in paperback.

The Political Economy of Bank Regulation in Developing Countries Risk and Reputation

The Political Economy of Bank Regulation in Developing Countries  Risk and Reputation
Author: Emily Jones
Publsiher: Oxford University Press
Total Pages: 386
Release: 2020
ISBN 10: 019884199X
ISBN 13: 9780198841999
Language: EN, FR, DE, ES & NL

The Political Economy of Bank Regulation in Developing Countries Risk and Reputation Book Review:

Drawing on in-depth analysis of eleven countries across Africa, Asia ,and Latin America this book shows how financial globalisation is changing politics of regulation in developing countries.

Global Banking Regulation and Supervision

Global Banking Regulation and Supervision
Author: James R. Barth,Jie Gan,Daniel E. Nolle
Publsiher: Nova Science Pub Incorporated
Total Pages: 97
Release: 2009-01-01
ISBN 10: 9781607413158
ISBN 13: 1607413159
Language: EN, FR, DE, ES & NL

Global Banking Regulation and Supervision Book Review:

The past two decades have witnessed both tremendous change and tremendous growth in the financial sector in countries across the globe. At the same time, however, many countries in the world have experienced banking crises, sometimes leading to costly bank failures and overall disruption in economic activity. The changes in the banking landscape and banking crises have focused policy makers' and industry participants' attention on the appropriate role and structure of banking supervision and regulation. As countries make different choices in these regards, it is useful to inquire if there are fundamental principles countries can follow to insure financial system stability and growth. This book does not presume to outline such principles, but it does take two necessary steps in that direction: first, it identifies basic issues in banking regulation and supervision; and second, it presents information on how countries around the globe have addressed these issues in their bank regulatory and supervisory schemes. The study draws on recent research and detailed cross-country data, including data from a new World Bank survey of bank regulation and supervision world-wide, to focus on some of the underlying reasons for and implications of developments in a variety of areas. These include the following: the nature and changing role of banks in promoting economic growth, development and stability; restrictions on the scope of banking activities and allowable ownership arrangements in which to conduct them; the structure and scope of bank regulatory and supervisory schemes; supervisory practices to promote safe and sound banks; market discipline and corporate governance in banking; international co-operation in regulation and supervision; offshore banking; potential disputes in banking arising from World Trade Organization membership; and deposit insurance schemes.

Central Bank Regulation and the Financial Crisis

Central Bank Regulation and the Financial Crisis
Author: Miao Han
Publsiher: Springer
Total Pages: 319
Release: 2015-10-20
ISBN 10: 1137563087
ISBN 13: 9781137563088
Language: EN, FR, DE, ES & NL

Central Bank Regulation and the Financial Crisis Book Review:

The respective legal frameworks that control central banks are shaped by whether they are market oriented or government controlled. However such stark distinction between these two categories has been challenged in view of the varying styles of crisis management demonstrated by different central banks during the crisis. This book uses comparative analysis to investigate how the global financial crisis challenged the role played by central banks in maintaining financial stability. Focusing on four central banks including the US Federal Reserve System, the Bank of England, the Bank of Japan and the People's Bank of China, it illustrates the similarities between the banks prior to the crisis, and their similar policy responses in the wake of the crisis. It demonstrates how each operated with varying levels of independence while performing very differently and facing different tasks. The book identifies some central explanatory variables for this behavior, addressing the mismatch of similar risk management solutions and varying outcomes. Central Bank Regulation and The Financial Crisis: A Comparative Analysis explores the legal challenges within central bank regulation presented by the global financial crisis. It emphasizes the importance of, and the limitations involved in, legal order and argue that in spite of integration and globalization, significant differences exist in central banks' approaches to risk management and financial stability.

International Harmonization of Financial Regulation

International Harmonization of Financial Regulation
Author: Hyoung-kyu Chey
Publsiher: Routledge
Total Pages: 218
Release: 2014-01-02
ISBN 10: 1134500874
ISBN 13: 9781134500871
Language: EN, FR, DE, ES & NL

International Harmonization of Financial Regulation Book Review:

It is often argued that international financial regulation has been substantially strengthened over the past decades through the international harmonization of financial regulation. There are, however, still frequent outbreaks of painful financial crises, including the recent 2008 global financial crisis. This raises doubts about the conventional claims of the strengthening of international financial regulation. This book provides an in-depth political economy study of the adoptions in Japan, Korea and Taiwan of the 1988 Basel Capital Accord, the now so-called Basel I, which has been at the center of international banking regulation over the past three decades, highlighting the domestic politics surrounding it. The book illustrates that, despite banks’ formal compliance with the Accord in these countries, their compliance was often cosmetic due to extensive regulatory forbearance that allowed their real capital soundness to weaken. Domestic politics thus ultimately determined national implementations of the Accord. This book provides its novel innovative study of the Accord through scores of interviews with bank regulators and analysis of various primary documents. It suggests that the actual effectiveness of international financial regulation relies ultimately on the domestic politics surrounding it. It implies as well that the past trend of international harmonization of financial regulation may be illusory, to at least some extent, in terms of its actual effectiveness. This book may interest not only political economists but also scholars working on the intersection of law, economics and institutions.

Bank Regulation Risk Management and Compliance

Bank Regulation  Risk Management  and Compliance
Author: Alexander Dill
Publsiher: Taylor & Francis
Total Pages: 302
Release: 2019-10-01
ISBN 10: 1000702731
ISBN 13: 9781000702736
Language: EN, FR, DE, ES & NL

Bank Regulation Risk Management and Compliance Book Review:

Bank Regulation, Risk Management, and Compliance is a concise yet comprehensive treatment of the primary areas of US banking regulation – micro-prudential, macroprudential, financial consumer protection, and AML/CFT regulation – and their associated risk management and compliance systems. The book’s focus is the US, but its prolific use of standards published by the Basel Committee on Banking Supervision and frequent comparisons with UK and EU versions of US regulation offer a broad perspective on global bank regulation and expectations for internal governance. The book establishes a conceptual framework that helps readers to understand bank regulators’ expectations for the risk management and compliance functions. Informed by the author’s experience at a major credit rating agency in helping to design and implement a ratings compliance system, it explains how the banking business model, through credit extension and credit intermediation, creates the principal risks that regulation is designed to mitigate: credit, interest rate, market, and operational risk, and, more broadly, systemic risk. The book covers, in a single volume, the four areas of bank regulation and supervision and the associated regulatory expectations and firms’ governance systems. Readers desiring to study the subject in a unified manner have needed to separately consult specialized treatments of their areas of interest, resulting in a fragmented grasp of the subject matter. Banking regulation has a cohesive unity due in large part to national authorities’ agreement to follow global standards and to the homogenizing effects of the integrated global financial markets. The book is designed for legal, risk, and compliance banking professionals; students in law, business, and other finance-related graduate programs; and finance professionals generally who want a reference book on bank regulation, risk management, and compliance. It can serve both as a primer for entry-level finance professionals and as a reference guide for seasoned risk and compliance officials, senior management, and regulators and other policymakers. Although the book’s focus is bank regulation, its coverage of corporate governance, risk management, compliance, and management of conflicts of interest in financial institutions has broad application in other financial services sectors.

Financial Regulation and Stability

Financial Regulation and Stability
Author: Charles Goodhart,Dimitrios P. Tsomocos
Publsiher: Edward Elgar Publishing
Total Pages: 352
Release: 2019
ISBN 10: 1788973658
ISBN 13: 9781788973656
Language: EN, FR, DE, ES & NL

Financial Regulation and Stability Book Review:

This book addresses the interaction of monetary and regulatory policy to achieve the important goal of price and financial stability. The authors show how financial stability can be assessed and measured continuously, and discuss the interrelationships between liquidity and default. Without default there would be no concern about liquidity. But the financial crisis was not just a liquidity problem, and requires a general equilibrium model. Their general equilibrium analysis demonstrates how policy should depend on understanding all the relevant factors.

Financial Market Regulation and Reforms in Emerging Markets

Financial Market Regulation and Reforms in Emerging Markets
Author: Masahiro Kawai,Eswar S. Prasad
Publsiher: Brookings Institution Press
Total Pages: 423
Release: 2011-05-01
ISBN 10: 9780815704904
ISBN 13: 0815704909
Language: EN, FR, DE, ES & NL

Financial Market Regulation and Reforms in Emerging Markets Book Review:

The rapid spread and far-reaching impact of the global financial crisis have highlighted the need for strengthening financial systems in advanced economies and emerging markets. Emerging markets face particular challenges in developing their nascent financial systems and making them resilient to domestic and external shocks. Financial reforms are critical to these economies as they pursue programs of high and sustainable growth. In this timely volume Masahiro Kawai, Eswar Prasad, and their contributors offer a systematic overview of recent developments in—and the latest thinking about—regulatory frameworks in both advanced countries and emerging markets. Their analyses and observations clearly point out the challenges to improving regulation, efficiency of markets, and access to the fi nancial system. Policymakers and financial managers in emerging markets are struggling to learn from the crisis and will need to grapple with some key questions as they restructure and reform their financial markets: • What lessons does the global financial crisis of 2007–09 offer for the establishment of efficient and flexible regulatory structures? • How can policymakers develop broader financial markets while managing the associated risks? • How—or should—they make the formal financial system more accessible to more people? • How might they best contend with multinational financial institutions? This book is an important step in getting a better grasp of these issues and making progress toward solutions that strike a balance between promoting financial market development and efficiency on the one hand, and ensuring financial stability on the other.

Reconceptualising Global Finance and its Regulation

Reconceptualising Global Finance and its Regulation
Author: Ross P. Buckley,Emilios Avgouleas,Douglas W. Arner
Publsiher: Cambridge University Press
Total Pages: 483
Release: 2017-05-11
ISBN 10: 9781107498389
ISBN 13: 1107498384
Language: EN, FR, DE, ES & NL

Reconceptualising Global Finance and its Regulation Book Review:

The current global financial system may not withstand the next global financial crisis. In order to promote the resilience and stability of our global financial system against future shocks and crises, a fundamental reconceptualisation of financial regulation is necessary. This reconceptualisation must begin with a deep understanding of how today's financial markets, regulatory initiatives and laws operate and interact at the global level. This book undertakes a comprehensive analysis of such diverse areas as regulation of financial stability, modes of supply of financial services, market infrastructure, fractional reserve banking, modes of production of global regulatory standards and the pressing need to reform financial sector ethics and culture. Based on this analysis, Reconceptualising Global Finance and its Regulation proposes realistic reform initiatives, which will be of primary interest to regulatory and banking legal practitioners, policy makers, scholars, research students and think tanks.

Global Governance of Financial Systems

Global Governance of Financial Systems
Author: Kern Alexander,Rahul Dhumale,John Eatwell
Publsiher: Oxford University Press
Total Pages: 320
Release: 2006
ISBN 10: 0195166981
ISBN 13: 9780195166989
Language: EN, FR, DE, ES & NL

Global Governance of Financial Systems Book Review:

This book analyses the current international legal and regulatory framework for controlling systemic risk in global financial markets. It suggests that current efforts at international regulation are inefficient, fragmented, and lack political legitimacy. The current structure of international financial regulation fails to manage systemic risk in an efficient manner that promotes adequate economic growth and political accountability amongst nations. This book sets forth the economic rationale for international financial regulation and what role, if any, international regulation can play in more effectively managing systemic risk and providing more accountability for states subject to such regulation.

The Routledge Companion to Banking Regulation and Reform

The Routledge Companion to Banking Regulation and Reform
Author: Ismail Ertürk,Daniela Gabor
Publsiher: Routledge
Total Pages: 436
Release: 2016-10-04
ISBN 10: 1135007144
ISBN 13: 9781135007140
Language: EN, FR, DE, ES & NL

The Routledge Companion to Banking Regulation and Reform Book Review:

The Routledge Companion to Banking Regulation and Reform provides a prestigious cutting edge international reference work offering students, researchers and policy makers a comprehensive guide to the paradigm shift in banking studies since the historic financial crisis in 2007. The transformation in banking over the last two decades has not been authoritatively and critically analysed by the mainstream academic literature. This unique collection brings together a multi-disciplinary group of leading authorities in the field to analyse and investigate post-crisis regulation and reform. Representing the wide spectrum of non-mainstream economics and finance, topics range widely from financial innovation to misconduct in banking, varieties of Eurozone banking to reforming dysfunctional global banking as well as topical issues such as off-shore financial centres, Libor fixing, corporate governance and the Dodd-Frank Act. Bringing together an authoritative range of international experts and perspectives, this invaluable body of heterodox research work provides a comprehensive compendium for researchers and academics of banking and finance as well as regulators and policy makers concerned with the global impact of financial institutions.

The Oxford Handbook of Institutions of International Economic Governance and Market Regulation

The Oxford Handbook of Institutions of International Economic Governance and Market Regulation
Author: Éric Brousseau,Jean-Michel Glachant,Jérôme Sgard
Publsiher: Unknown
Total Pages: 135
Release: 2019
ISBN 10: 9780190900571
ISBN 13: 0190900571
Language: EN, FR, DE, ES & NL

The Oxford Handbook of Institutions of International Economic Governance and Market Regulation Book Review:

Global Bank Regulation Where Do We Stand

Global Bank Regulation  Where Do We Stand
Author: Anne Héritier Lachat,Eidgenössische Finanzmarktaufsicht
Publsiher: Unknown
Total Pages: 135
Release: 2012
ISBN 10: 1928374650XXX
ISBN 13: OCLC:884884913
Language: EN, FR, DE, ES & NL

Global Bank Regulation Where Do We Stand Book Review:

New Paradigms for Financial Regulation

New Paradigms for Financial Regulation
Author: Masahiro Kawai
Publsiher: Brookings Institution Press
Total Pages: 291
Release: 2013
ISBN 10: 0815722648
ISBN 13: 9780815722649
Language: EN, FR, DE, ES & NL

New Paradigms for Financial Regulation Book Review:

A Brookings Institution Press and Asian Development Bank Institute publication The global financial crisis has led to a sweeping reevaluation of financial market regulation and macroeconomic policies. Emerging markets need to balance the goals of financial development and broader financial inclusion with the imperative of strengthening macroeconomic and financial stability. The third in a series on emerging markets, "New Paradigms for Financial Regulation" develops new analytical frameworks and provides policy prescriptions for how the frameworks should be adapted to a world of more free and more volatile capital. This volume provides an overview of the global regulatory landscape from the perspective of Asian emerging markets. The contributors discuss the many challenges ahead in developing sound and flexible financial regulatory systems for emerging market economies. The challenges are heightened by the rising integration of these economies into global trade and finance, the growing sophistication of their financial systems as globalization and emergence processes accelerate, and their potential vulnerability to instability arising from the financial markets in the advanced economies. The contributors provide guidance about pitfalls to be avoided, general principles that should guide the creation of sound regulatory systems, and valuable analytic perspectives about how to continue to broaden the financial sector and innovate while still maintaining financial and macroeconomic stability.

The Political Economy of Financial Regulation

The Political Economy of Financial Regulation
Author: Emilios Avgouleas,David C. Donald
Publsiher: Cambridge University Press
Total Pages: 496
Release: 2019-01-31
ISBN 10: 110847036X
ISBN 13: 9781108470360
Language: EN, FR, DE, ES & NL

The Political Economy of Financial Regulation Book Review:

Examines the law and policy of financial regulation using a combination of conceptual analysis and strong empirical research.

Banking Regulation in Africa

Banking Regulation in Africa
Author: Folashade Adeyemo
Publsiher: Routledge
Total Pages: 176
Release: 2021-12-29
ISBN 10: 1000517071
ISBN 13: 9781000517071
Language: EN, FR, DE, ES & NL

Banking Regulation in Africa Book Review:

There is scarce literature on the development of banking regulation in Nigeria, or the scope of powers of the Central Bank of Nigeria, which is its core banking sector regulator. The critical impetus of this book is to contribute to the literature of this area, with a detailed exploration of the Nigerian regulatory architecture. In addition, the book also engages in a comparative analysis with two emerging economies in Africa: South Africa and Kenya. It also considers the UK and the US as comparator jurisdictions in light of their regulatory responses to the global financial crisis of 2008. This book contributes to the ongoing discourse in this area by exploring, in detail, the theoretical underpinnings of regulation and supervision, to determine whether there is an understanding of what constitutes effective regulation in these jurisdictions. Given that Nigeria is the core jurisdictional focus, a historical account of banking exchanges from the pre-colonial era to more recent times is provided. Offering an understanding of how political, local and economic settings, in conjunction with the theories of regulation have impacted and influenced regulatory development in Nigeria, the book engages in an examination of Nigeria’s historical experiences with bank failures, including the banking crisis it experienced in 2008. The newly enacted Banks and Other Financial Institutions Act 2020 is also explored as part of this discourse. Through a critical analysis of the law, the book demonstrates that the Nigerian regulator has historically adopted a reactionary strategy, instead of a proactive and pragmatic approach, which is imperative for an effective regulatory regime. The outcome of this analysis is that there are lessons to be learned, and proposals are discussed in order to rethink the act of banking regulation.

Global Governance and Regulatory Failure

Global Governance and Regulatory Failure
Author: R. Goldbach
Publsiher: Springer
Total Pages: 271
Release: 2015-06-29
ISBN 10: 1137500034
ISBN 13: 9781137500038
Language: EN, FR, DE, ES & NL

Global Governance and Regulatory Failure Book Review:

The author provides a theoretical framework of the global political economy of banking regulation and analyses the policies and politics of the Basel Committee on Banking Supervision. He demonstrates how global governance has contributed to the onset of the Great Recession and continues to increase the likelihood of future global financial crises.