Global Bank Regulation

1st Edition

Principles and Policies

Authors: Heidi Mandanis Schooner Heidi Mandanis Schooner Michael Taylor Michael Taylor
Hardcover ISBN: 9780126410037
eBook ISBN: 9780080925806
Imprint: Academic Press
Published Date: 22nd October 2009
Page Count: 352
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Description

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.

Key Features

  • 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
  • Readership

    Academics and advanced-level students interested in the theory, history, and policy development of international banking regulation

    Table of Contents

    Introduction: The Global Financial System and the Problems of Regulation

    1. The Changing Nature of Banks Definitions Money, Credit Creation, and Fractional Reserve Banking Financial Innovation and the Changing Nature of Banks Three Distinctive Features of Modern Banking References Further Reading
    2. Panics, Bank Runs, and Coordination Problems The Structure of Banks’ Balance Sheets Coordination Problems and Bank Runs Panic and Contagion in Modern Financial Systems Free Riders and Regulation References Further Reading
    3. Collapsing Dominos and Asset Price Spirals Collapsing Dominos Asset Price Spirals The Global Financial Crisis of 2007–2009 References Further Reading
    4. The Financial Safety Net and Moral Hazard The Financial Safety Net Moral Hazard Is There an Alternative? References Further Reading
    5. Sources of Financial Regulation National Laws International Law References Further Reading
    6. Bank Licensing and Corporate Governance The Purpose of Bank Licensing The Fundamentals of Bank Licensing Fitness and Propriety of Bank Management Significant Changes in Ownership Choice of Bank Charter Cross-Border Issues Principles of Sound Corporate Governance Sarbanes-Oxley Act of 2002 References Further Reading
    7. Bank in Corporate Groups: Ownership and Affiliation Bank-Commerce Linkages The Separation of Banking and Finance Changes to Structural Regulation of the Combination of Banking and Other Financial Services References Further Reading
    8. The Rationale for Bank Capital Regulation Why Regulate Bank Capital? Leverage Ratios Risk-Weighted Capital Criticisms of the Basel Capital Accord References
    9. The New Capital Adequacy Framework: Basel II and Credit Risk The Standardized Approach

    Details

    No. of pages:
    352
    Language:
    English
    Copyright:
    © Academic Press 2010
    Published:
    Imprint:
    Academic Press
    eBook ISBN:
    9780080925806
    Hardcover ISBN:
    9780126410037

    About the Author

    Heidi Mandanis Schooner

    Affiliations and Expertise

    Columbus School of Law, The Catholic University of America, Washington D.C.

    Heidi Mandanis Schooner

    Affiliations and Expertise

    Columbus School of Law, The Catholic University of America, Washington D.C.

    Michael Taylor

    Affiliations and Expertise

    International Monetary Fund

    Michael Taylor

    Affiliations and Expertise

    International Monetary Fund

    Reviews

    "This wide-ranging and authoritative book, written by two distinguished analysts of financial regulation, is a compelling read and of great value to regulators, financial practitioners and students alike. It is an excellent tour de force of the key issues in bank regulation which is set in a strong analytical framework. In the light of the global financial crisis, it makes a compelling case for an internationally coordinated approach to bank regulation."--David T. Llewellyn, Loughborough University

     "A fascinating and erudite introduction to the policies underlying bank supervision and the complexities of implementing those policies in an international environment based on national regulatory systems. Schooner and Taylor are among the world’s leading experts on banking regulation and their text will be an invaluable resource to students and practitioners for years to come." --Howell E. Jackson, Harvard Law School

    "Heidi Schooner and Michael Taylor have produced a work of the highest quality which is balanced and focused with the right amount of detail.  considerable thought has obviously been given to design and structure.  All relevant topics received expert attention."  "This book will become the leading point of reference for those who need to understand bank regulation within the global context.  I am happy to fully recommend it without hesitation."  -- Andrew Campbell, School of Law, University of Leeds.  Full review - Journal of International Banking Law and Regulation, Volume 26, Issue 3, 2011.