Improving Banking Supervision

D. Mayes, L. Halme, A. Liuksila

• Publisher: Palgrave Macmillan
• Year: 2001
• Print ISBN: 9781349426836, 9780333948965
• eBook ISBN: 9780230288195
• Topic: Business
• Subtopic: Business Strategy
• Index: Business

Improving Banking Supervision shows how greater market discipline can be used to help improve the quality of banks and their management in a world of increasing complexity, size and innovation. The book is based on research undertaken in the Nordic countries and New Zealand, and set in an international context through reference and comparison to the experiences of banks throughout the EU and the US. The authors show how traditional methods of regulation, particularly across borders face limits and can impose substantial costs on customers. They propose alternatives for today's international banks, based on a network of incentives to prudential behaviour and focusing on three main issues: - the development of transparent corporate structures - the public disclosure of comparable meaningful information so that markets can assess banks - the implementation of effective means to allow banks to exit without unacceptable costs to society

Table of contents

• Contents
• List of Tables
• List of Figures
• Preface
• Acknowledgements
• 1 Introduction
• 2 The Financial Crisis of the Early 1990s and its Lessons
• 3 Coming Challenges to Financial Supervision
• 4 Principles of Good Financial Supervision
• 5 Corporate Governance and Financial Stability
• 6 The Rationale for a More Market-based Regime
• 7 A Disclosure Regime
• 8 Robust Exit Policies to Underpin Market Discipline
• 9 A New Approach to Orderly Bank Exit
• 10 Exit Policy Co-ordination at EU Level
• 11 The Way Forward
• Notes
• References
• Index