Global Bank Regulation :Principles and Policies

Publication subTitle :Principles and Policies

Author: Schooner   Heidi Mandanis;Taylor   Michael W.  

Publisher: Elsevier Science‎

Publication year: 2009

E-ISBN: 9780080925806

P-ISBN(Paperback): 9780126410037

P-ISBN(Hardback):  9780126410037

Subject: D922.28 金融法;D922.291.92 破产法;D996.2 International Law of Finance;F7 Trade Economy;F83 financial, banks

Language: ENG

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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.

  • Defines the over-arching policy principles of capital regulation
  • Explores main justifications for

  • Chapter

    Who Sets the Standards?

    How to Use This Book

    References

    Chapter 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

    Chapter 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

    Chapter 3: Collapsing Dominos and Asset Price Spirals

    Collapsing Dominos

    Asset Price Spirals

    The Global Financial Crisis of 2007–2009

    References

    Further Reading

    Chapter 4: The Financial Safety Net and Moral Hazard

    The Financial Safety Net

    Moral Hazard

    Is There an Alternative?

    References

    Further Reading

    Chapter 5: Sources of Financial Regulation

    National Laws

    International Law

    References

    Further Reading

    Chapter 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

    Chapter 7: Banks 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

    Chapter 8: The Rationale for Bank Capital Regulation

    Why Regulate Bank Capital?

    Leverage Ratios

    Risk-Weighted Capital

    Criticisms of Basel I

    References

    Chapter 9: The New Capital Adequacy Framework: Basel II and Credit Risk

    The Standardized Approach

    The Internal Ratings-Based (IRB) Approaches

    Dealing with Financial Innovation

    References

    Further Reading

    Chapter 10: The New Capital Adequacy Framework: Basel II and Other Risks

    Market Risk

    Operational Risks

    Pillar 2 Risks

    References

    Further Reading

    Chapter 11: Direct Limits on Banks’ Risk Taking

    Credit Concentration Risk

    Liquidity Risk

    References

    Chapter 12: Consolidated Supervision and Financial Conglomerates

    What Is Consolidated Supervision?

    The Need for Consolidated Supervision

    Consolidated Supervision of Cross-Border Banks

    Financial Conglomerates

    References

    Chapter 13: Anti-Money Laundering

    What Is Money Laundering?

    The Impact on Banks

    International Response

    Banco Delta Asia Case Study

    References

    Further Reading

    Chapter 14: Bank Insolvency

    The Goals and Types of Bank Insolvency Regimes

    Legal Framework for Bank Insolvency

    Determination of Insolvency

    Administration Orders and Conservatorships

    Receivership

    References

    Further Reading

    Chapter 15: Institutional Structures of Regulation

    Institutional and Functional Regulation

    Rise of the Integrated Regulator

    Twin Peaks (Objectives) Approach

    Role of the Central Bank in Bank Supervision

    Evaluation of Structural Reforms

    References

    Further Reading

    Chapter 16: Regulation After the Global Financial Crisis

    The Causes of the Crisis

    Rethinking the Assumptions of Regulation

    New Directions in Capital Adequacy

    More Radical Options

    The International Dimension

    References

    Appendix: Introduction to Regulation and Market Failure

    Externalities

    Information Asymmetry

    Index

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