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The new financial architecture : banking regulation in the 21st century / edited by Benton E. Gup.
- Format:
- Book
- Language:
- English
- Subjects (All):
- Banks and banking, International--Law and legislation.
- Banks and banking, International.
- Physical Description:
- 1 online resource (269 p.)
- Edition:
- 1st ed.
- Place of Publication:
- Westport, Conn. : Quorum Books, 2000.
- Language Note:
- English
- Summary:
- A resource for banking, finance, investment and world trade professionals and their academic counterparts. It covers a wide range of topics, from the rationale of banking regulation, to optimal banking regulation in the new world environments.
- Contents:
- Cover
- The New Financial Architecture
- Contents
- Illustrations
- Preface
- ADDITIONAL RESOURCES
- 1 Regulating International Banking:Rationale, History, and FutureProspects
- INTRODUCTION
- WHY DO WE REGULATE MULTINATIONAL BANKS?
- HISTORY OF SUPERVISORY COOPERATION
- The Bank for International Settlements and the Basle Committee
- The 1999 Basle Proposal
- Other International Agreements
- THE FUTURE OF INTERNATIONAL BANKING REGULATION
- REFERENCES
- 2 Are Banks and TheirRegulators Outdated?
- WHAT IS A BANK?
- A PATCHWORK SYSTEM OF REGULATION
- THE FUNCTIONS OF THE FINANCIAL SYSTEM
- FUNCTIONAL REGULATION
- The Central Bank as the Regulator
- Global Regulator
- CONCLUSION
- NOTES
- 3 Designing the New Architecturefor U.S. Banking
- DISSATISFACTION WITH THE OLD ARCHITECTURE
- LEGISLATING THE NEW ARCHITECTURE
- DANGERS OF THE "WRONG" ARCHITECTURE
- FINANCIAL ARCHITECTURE AND ASSET PRICE BUBBLES
- 4 What Is Optimal FinancialRegulation?
- RATIONALES FOR FINANCIAL REGULATION
- Guarding Against Systemic Risk
- Protecting Consumers
- Enhancing Efficiency
- Achieving Other Social Objectives
- WHY BANKS HAVE BEEN ESPECIALLY IMPORTANT
- PRUDENTIAL REGULATION AND SUPERVISION: THE FINANCIAL SAFETY NET
- OPTIMAL REGULATION IN THE STATIC CASE: PRICING RISK TO COUNTER MORAL HAZARD
- Risk-Rated Deposit Insurance Premiums
- Prompt Corrective Action and Least-Cost Resolution
- Subordinated Debt
- Narrow Bank Proposals
- LOOKING BEYOND THE STATIC VIEW: BANKS HAVE BECOME LESS SPECIAL
- "OPTIMAL" REGULATION IN THE TRANSITION: SOME SIMPLE PRESCRIPTIONS
- 5 The Optimum Regulatory Model forthe Next Millennium-Lessons fromInternational Comparisons and theAustralian-Asian Experience
- INTRODUCTION.
- A TAXONOMY OF REGULATORY MODELS FOR FINANCIAL SYSTEMS IN DIFFERENT LIFE CYCLE PHASES
- Prudential Supervisory Systems
- Protective Measures
- A COMPARATIVE ANALYSIS OF REGULATORY MODELS GOVERNING THE AUSTRALIAN AND THE ASIAN FINANCIAL SYSTEMS
- Singapore
- Thailand
- Hong Kong
- Japan
- Taiwan
- Malaysia
- Indonesia
- Korea
- The Philippines
- IMPLICATIONS OF REGULATORY FAILURE IN THE AUSTRALASIAN REGION FOR THE OPTIMUM REGULATORY MODEL FOR THE NEXT MILLENNIUM
- The Usefulness of a Taxonomy of Regulatory Models Governing Financial Systems
- 6 Banking Trends and DepositInsurance Risk Assessment in theTwenty-First Century
- DEVELOPMENTS IN BANKING
- Consolidation
- Bank Activities
- Globalization
- Technological Change
- IMPLICATIONS FOR DEPOSIT INSURANCE
- BANK SUPERVISION AND REGULATION
- 7 Supervisory Goals andSubordinated Debt
- SUPERVISORY GOALS
- HOW SND MAY CONTRIBUTE TO THE GOALS
- THE ROLE OF SND IN EXISTING CAPITAL REGULATIONS
- SND PROPOSALS TO ACHIEVE PUBLIC POLICY GOALS
- Minimize Safety Net Losses
- Loss Absorption
- Prompt Closure
- Minimizing the Probability of Failure
- Direct Discipline
- Derived Supervisory Discipline
- 8 Market Discipline for Banks: AHistorical Review
- Historical Experiences
- INSTITUTIONAL FEATURES OF FREE BANKING
- The "Invisible Hand" in Free-Banking Theory
- THE FREE-BANKING EXPERIENCE IN SCOTLAND
- Scottish Banking: 1695-1845
- A Successful Experience with Market Discipline?
- A Centralized System
- Stability and Optimality in Operations
- Scottish Free Banking Was Not Laissez-Faire Banking
- THE FREE-BANKING EXPERIENCE IN THE UNITED STATES
- Was American Free Banking Laissez-Faire Banking?.
- "Wildcat Banking" or Successful "Market Discipline"?
- The Suffolk Banking System
- UNREGULATED TRUSTS IN NEW YORK
- 9 Market Discipline and theCorporate Governance of Banks:Theory vs. Evidence
- PRIVATE MARKET REGULATION
- PRINCIPAL AGENT CONFLICTS
- Control Mechanisms
- ARE MARKET CONTROL MECHANISMS EFFECTIVE?
- Corporate Behavior
- Distressed Banks
- Other Banking Studies
- REQUIREMENTS FOR MARKET DISCIPLINE
- Action
- Active Money and Capital Markets and Rating Agencies
- Awareness of Vulnerabilities
- Corporate Accounting Standards
- Transparency
- 10 Message to Basle: Risk ReductionRather Than Management
- CREDIT RISK MODELS AND THEIR SHORTCOMINGS
- Credit Risk Models
- General Loan Valuations Features
- Loan Repricing
- Loan Valuation Models
- Default Mode
- Mark-to-Model Approach
- Credit Spreads
- Discounted Contractual Cash Flow (DCCF) Approach
- Limits of Bond Market Analogue
- Credit Risk Ratings
- Assessment of Ratings Agencies
- Ratings Predictions
- Credit Risk Is a Decision Variable-Market Risk Is a Given Parameter
- REFORM PROPOSALS
- Improvements in Quality of Credit Risk Analysis
- Loan Officers as Investment Analysts
- Combining Commercial and Investment Banking
- Improvements in Risk Ratings
- Rating over the Longer Horizon
- Stress Testing by Ratings Agencies and Banks
- Linking Asset Risk to Country Rating
- Including Market Risk in Analysis
- Market Risk, Time Horizon, and Risk Migration
- Asymmetric Information Obscures the Issue
- Risk Correlations
- Loan Valuations
- Improvements in Supervisory-Lending Officer Linkage
- Training Supervisors
- Lack of Courage of Conviction
- Allow Failure of Large Financial Institutions and Disorderly Markets to Occur.
- CONCLUSION AND SUMMARY OF PROPOSALS
- 11 Drafting Land Legislation forDeveloping Countries: An Examplefrom East Africa
- THE BACKGROUND AND DEVELOPMENT OF AN IDEA
- THE DRAFTING PROCESS
- Location, Staffing, and Power of the Tribunal
- Subject Matter Jurisdiction of the Tribunal
- Representation and the Expedited Process of Hearing a Dispute
- The Operating Procedure of the Tribunal
- Miscellaneous
- APPENDIX A Table of Contents of the Sections of the Zanzibar LandTribunal Act19
- APPENDIX B Table of Contents of the Sections of the Zanzibar LandTribunal Act Regulations
- APPENDIX C Table of Contents: List of Forms to Accompany the LandTribunal Act
- Index
- About the Editor and Contributors.
- Notes:
- Bibliographic Level Mode of Issuance: Monograph
- Includes bibliographical references and index.
- ISBN:
- 9780313004513
- 031300451X
- OCLC:
- 50026134
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