| Description |
1 online resource (504 p.) |
| Contents |
Intro -- Title Page -- Copyright Page -- Contents -- List of Figures -- List of Tables -- Table of Cases -- Table of Legislation -- List of Abbreviations -- A Brief Note about the Authors -- 1. Introduction -- I. Cross-border Financial Intermediation and Distress -- II. Regulation of Financial Intermediation -- III. Responding to the Failure of Financial Institutions -- IV. The Cross-border Resolution Gap -- V. Plugging the Gap: A Model Law -- VI. The Aim of This Book -- VII. The Structure of the Book -- VIII. Methodology -- 2. Why the Special Treatment for Financial Institutions |
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I. Introduction -- II. Some Basic Concepts -- A. Things, Property, Assets, and Financial Assets -- B. Planning, Recovery, Resolution, and Liquidation -- III. The Financial Sector -- A. Financial Intermediation and Money Creation -- B. The Inherent Riskiness of Financial Intermediation -- C. Bank and Non-Bank Financial Institutions -- IV. Systemic Risk and Systemic Stability -- A. Micro Versus Macro Prudence -- B. Schematic Definitions of Risk and Stability -- C. Vulnerabilities -- D. Emerging Vulnerabilities I-Climate Change -- E. Emerging Vulnerabilities II-Digital Assets |
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1. An analytical taxonomy -- 2. Anchored and unanchored digital assets -- 3. Distributed ledgers and blockchains -- 4. Crypto-assets and crypto-currencies -- 5. Implications for the financial sector -- F. Close-out Netting -- 1. 'Standard' security interests -- 2. Netting -- 3. Close-out and immunity from moratorium -- G. Risk Materializes into Crisis -- V. Modelling the Onset of Systemic Crises -- A. The Risk Amplification Model -- B. The Domino Model -- VI. Systemically Important Financial Institutions -- A. Banks -- B. Insurers -- C. Financial Market Infrastructure |
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D. Financial Institutions Holding Client Assets -- VII. The Role of the Resolution and Insolvency Regime -- A. Bail-outs -- B. The Need for and Possibility of Special Resolution Regimes -- VIII. Sovereign Debt and the Implications for Bank Financial Distress -- 3. The Regulatory Landscape of Supervision and Resolution of Financial Institutions: A Cross-border Perspective -- I. Introduction -- II. Regulation and Supervision of Financial Institutions: A History of Failures -- A. Failures that Led to the Developments of the Basel Accords by the BCBS and their Revisions Over Time |
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B. From Early Risk Management Efforts to the Global Financial Crisis: Lessons from the Basel Accords -- C. The Regulatory Defence Against the Global Financial Crisis: Reinforcing Minimum Standards for Sound Prudential Regulation and Supervision -- 1. The revision of Basel II standards -- 2. The Basel principles for effective supervision -- 3. Supervisory authority and accountability -- 4. Cooperation of supervisory authorities -- 5. The exercise of prudential supervision -- 6. Transparency in financial reporting and audits |
| Summary |
This book examines the issue of financial institutions in distress, and the difficulties of regulating these institutions across political borders. It considers existing hard and soft laws and regulations, advocating for a model law that would address the full range of financial institutions |
| Notes |
Description based upon print version of record |
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III. Regulation and Supervision of Insurance Companies: A Slow Process Towards Harmonization |
| Form |
Electronic book
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| Author |
Madaus, Stephan
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Marcucci, Monica
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Mevorach, Irit
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Mokal, Riz
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Romaine, Barbara
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Sarra, Janis
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Tirado, Ignacio
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| ISBN |
9780192882530 |
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0192882538 |
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