Banking conduct and culture : a call for sustained and comprehensive reform
Author | : |
Publisher | : |
Total Pages | : 78 |
Release | : 2015 |
Genre | : Bank management |
ISBN | : 9781567081664 |
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Author | : |
Publisher | : |
Total Pages | : 78 |
Release | : 2015 |
Genre | : Bank management |
ISBN | : 9781567081664 |
Author | : Huw Macartney |
Publisher | : Oxford University Press |
Total Pages | : 301 |
Release | : 2019-09-12 |
Genre | : Political Science |
ISBN | : 0192581902 |
The period since the Global Financial Crisis and numerous scandals have exposed some areas of serious illegal and unethical conduct within western banking systems. Despite extensive reforms it is increasingly apparent however that there is a persistent problem with the 'culture' of banking in Anglo-America. US and UK state managers made substantial efforts to reform the culture of their banking sectors. However, this book argues that they focused on an extremely narrow definition of bank culture. They did so for two reasons: firstly, because the structural pressures of financialization - which are a far more important driver of the problematic features of bank culture in Anglo-America - are harder to remedy; but secondly, state managers also used their bank culture response to tackle a legitimacy crisis facing their institutions of government. In so doing they abdicated responsibility for the real problems - of inequality and instability - associated with their respective financial systems Drawing on interviews with more than 150 individuals working in financial services as well as regulators, politicians, and lawyers, The Bank Culture Debate explains the strategies employed by state managers before then examining what has and has not changed in the culture of banking in the US and UK.
Author | : Roger Miles |
Publisher | : Kogan Page Publishers |
Total Pages | : 449 |
Release | : 2021-06-03 |
Genre | : Business & Economics |
ISBN | : 1789667763 |
In the next wave of conduct regulation in financial markets, from 2021 conduct regulators in the UK and elsewhere expect firms to produce evidence on how they are improving behaviour and culture. Facing this, many practitioners are anxious that their current reporting and management information (MI) are irrelevant to meeting as-yet unclear regulatory expectations. This book provides the insights and tools firms need to report on culture, securing both enhanced business value and the regulator's approval. Culture is now seen as a key contributor to good governance, feeding into existing discourse on environmental, social and governance (ESG) factors and the emerging dialogue on 'non-financial (mis)conduct', but conventional measures of business quality are unfit for the new reporting agenda. Culture Audit in Financial Services follows the arc of 'behavioural regulation' to examine what the regulator really wants, before offering guidance on how culture audit differs from conventional auditing, how to put the latest pure-research findings to work, and the key features of well-designed conduct and culture reports. Written by an impartial author and a variety of contributors with extensive experience working with practitioners, regulators, and many of the world's finest academic initiatives, this book is filled with practical, grounded advice on how best to approach this new challenge and avoid infractions.
Author | : Costanza A. Russo |
Publisher | : Edward Elgar Publishing |
Total Pages | : 435 |
Release | : 2019 |
Genre | : Law |
ISBN | : 1784716545 |
The global financial crisis evidenced the corrosive effects of unethical behaviour upon the banking industry. The recurrence of misbehaviour in the financial sector, including fraud and manipulations of market indices, suggests the need to establish a banking culture that conforms to the highest standards of ethical and professional behaviour. This Research Handbook on Law and Ethics in Banking and Finance focuses on the role that law should play and the effectiveness of newly introduced regulations and supervisory actions as a driver for ethical conduct so as to reconnect the interests of bankers and financiers with the interests of society.
Author | : Kern Alexander |
Publisher | : Cambridge University Press |
Total Pages | : 497 |
Release | : 2019-06-06 |
Genre | : Business & Economics |
ISBN | : 110842726X |
Analyses banking regulation and recent international developments, including Basel IV, bank resolution and Brexit, and their impact on bank governance.
Author | : |
Publisher | : |
Total Pages | : 78 |
Release | : 2015 |
Genre | : Bank management |
ISBN | : 9781567081664 |
Author | : Patrick S. Kenadjian |
Publisher | : Walter de Gruyter GmbH & Co KG |
Total Pages | : 180 |
Release | : 2016-10-24 |
Genre | : Law |
ISBN | : 3110497417 |
This volume is a collection of articles based upon presentations given on November 23, 2015 at a conference hosted by the Institute for Law and Finance entitled "Towards a New Age of Responsibility in Banking and Finance: Getting the Culture and the Ethics Right" which brought together leaders from the public and private sectors to discuss the importance of culture and ethics in restoring public trust in financial institutions.
Author | : Allen N. Berger |
Publisher | : Oxford University Press |
Total Pages | : 1365 |
Release | : 2019-10-31 |
Genre | : Business & Economics |
ISBN | : 0192558080 |
The Oxford Handbook of Banking, Third Edition provides an overview and analysis of developments and research in this rapidly evolving field. Aimed at graduate students of economics, banking, and finance; academics; practitioners; regulators; and policy makers, it strikes a balance between abstract theory, empirical analysis, and practitioner and policy-related material. Split into five distinct parts The Oxford Handbook of Banking is a one-stop source of relevant research in banking. It examines the theory of banking, bank operations and performance, regulatory and policy perspectives, macroeconomic perspectives in banking, and international differences in banking structures and environments. Taking a global perspective it examines banking systems in the United States, China, Japan, Australia and New Zealand, Africa, the European Union, transition countries of Europe, and Latin America. Thematic issues covered include financial innovation and technological change; consumer and mortgage lending; Islamic banking; and how banks influence real economic activity. Fully revised and now including brand new chapters on a range of geographical regions, bank bailouts and bail-ins, and behavioral economics amongst many other topics, this third edition of The Oxford Handbook of Banking provides readers with insights to seminal and contemporary research in banking and an opportunity to learn about the diversity of financial systems around the world.
Author | : Paul A Volcker |
Publisher | : PublicAffairs |
Total Pages | : 332 |
Release | : 2018-10-30 |
Genre | : Biography & Autobiography |
ISBN | : 154178829X |
The extraordinary life story of the former chairman of the Federal Reserve, whose absolute integrity provides the inspiration we need as our constitutional system and political tradition are being tested to the breaking point. As chairman of the Federal Reserve (1979-1987), Paul Volcker slayed the inflation dragon that was consuming the American economy and restored the world's faith in central bankers. That extraordinary feat was just one pivotal episode in a decades-long career serving six presidents. Told with wit, humor, and down-to-earth erudition, the narrative of Volcker's career illuminates the changes that have taken place in American life, government, and the economy since World War II. He vibrantly illustrates the crises he managed alongside the world's leading politicians, central bankers, and financiers. Yet he first found his model for competent and ethical governance in his father, the town manager of Teaneck, NJ, who instilled Volcker's dedication to absolute integrity and his "three verities" of stable prices, sound finance, and good government.
Author | : Sandra Navidi |
Publisher | : Nicholas Brealey |
Total Pages | : 387 |
Release | : 2017-01-24 |
Genre | : Business & Economics |
ISBN | : 1857889797 |
An international bestseller, SUPERHUBS offers a startling new perspective on how the world's elite make the decisions that impact all our lives. A BLOOMBERG Best Book of the Year Winner, Silver Medal, Axiom Business Book Awards 2018 FOREWORD BY NOURIEL ROUBINI $UPERHUBS is a rare, behind-the-scenes look at how the world's most powerful titans, the "superhubs," pull the levers of our global financial system. Combining insider's knowledge with principles of network science, Sandra Navidi offers a startling new perspective on how superhubs build their powerful networks and how their decisions impact all our lives. $UPERHUBS reveals what happens at the exclusive, invitation-only platforms - The World Economic Forum in Davos, the meetings of the International Monetary Fund, think-tank gatherings and exclusive galas. This is the most vivid portrait to date of the global elite: the bank CEOs, fund managers, billionaire financiers and politicians who, through their interlocking relationships and collective influence are transforming our increasingly fragile financial system, economy and society.