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Global Bank Regulation
Principles and Policies
- 1st Edition - October 22, 2009
- Authors: Heidi Mandanis Schooner, Michael W. Taylor
- Language: English
- Hardback ISBN:9 7 8 - 0 - 1 2 - 6 4 1 0 0 3 - 7
- eBook ISBN:9 7 8 - 0 - 0 8 - 0 9 2 5 8 0 - 6
Global Bank Regulation: Principles and Policies covers the global regulation of financial institutions. It integrates theories, history, and policy debates, thereby provid… Read more
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Request a sales quoteGlobal 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
Academics and advanced-level students interested in the theory, history, and policy development of international banking regulation
Introduction: The Global Financial System and the Problems of Regulation1. The Changing Nature of BanksDefinitionsMoney, Credit Creation, and Fractional Reserve BankingFinancial Innovation and the Changing Nature of BanksThree Distinctive Features of Modern BankingReferencesFurther Reading2. Panics, Bank Runs, and Coordination ProblemsThe Structure of Banks’ Balance SheetsCoordination Problems and Bank RunsPanic and Contagion in Modern Financial SystemsFree Riders and RegulationReferencesFurther Reading3. Collapsing Dominos and Asset Price SpiralsCollapsing DominosAsset Price SpiralsThe Global Financial Crisis of 2007–2009ReferencesFurther Reading4. The Financial Safety Net and Moral HazardThe Financial Safety NetMoral HazardIs There an Alternative?ReferencesFurther Reading5. Sources of Financial RegulationNational LawsInternational LawReferencesFurther Reading6. Bank Licensing and Corporate GovernanceThe Purpose of Bank LicensingThe Fundamentals of Bank LicensingFitness and Propriety of Bank ManagementSignificant Changes in OwnershipChoice of Bank CharterCross-Border IssuesPrinciples of Sound Corporate GovernanceSarbanes-Oxley Act of 2002ReferencesFurther Reading7. Bank in Corporate Groups: Ownership and AffiliationBank-Commerce LinkagesThe Separation of Banking and FinanceChanges to Structural Regulation of the Combination of Banking and Other Financial ServicesReferencesFurther Reading8. The Rationale for Bank Capital RegulationWhy Regulate Bank Capital?Leverage RatiosRisk-Weighted CapitalCriticisms of the Basel Capital AccordReferences9. The New Capital Adequacy Framework: Basel II and Credit RiskThe Standardized ApproachThe Internal Ratings-Based (IRB) ApproachesDealing with Financial InnovationReferencesFurther Reading10. The New Capital Adequacy Framework: Basel II and Other RisksMarket RiskOperational RisksPillar 2 RisksReferencesFurther Reading11. Direct Limits on Banks’ Risk TakingCredit Concentration RiskLiquidity RiskReferences12. Consolidated Supervision and Financial ConglomeratesWhat Is Consolidated Supervision?The Need for Consolidated SupervisionConsolidated Supervision of Cross-Border BanksFinancial ConglomeratesReferences13. Anti-Money LaunderingWhat Is Money Laundering?The Impact on BanksInternational ResponseBanco Delta Asia Case StudyReferencesFurther Reading14. Bank InsolvencyThe Goals and Types of Bank Insolvency RegimesLegal Framework for Bank InsolvencyDetermination of InsolvencyAdministration Orders and ConservatorshipsReceivershipReferencesFurther Reading15. Institutional Structures of RegulationInstitutional and Functional RegulationRise of the Integrated RegulatorTwin Peaks (Objectives) ApproachRole of the Central Bank in Bank SupervisionEvaluation of Structural ReformsReferencesFurther Reading16. Regulation After the Global Financial CrisisThe Causes of the CrisisRethinking the Assumptions of RegulationNew Directions in Capital AdequacyMore Radical OptionsThe International DimensionReferencesAppendix: Introduction to Regulation and Market FailureIndex
- No. of pages: 352
- Language: English
- Edition: 1
- Published: October 22, 2009
- Imprint: Academic Press
- Hardback ISBN: 9780126410037
- eBook ISBN: 9780080925806
HS
Heidi Mandanis Schooner
Affiliations and expertise
Columbus School of Law, The Catholic University of America, Washington D.C.MT
Michael W. Taylor
Affiliations and expertise
International Monetary Fund