The Difficult Construction of European Banking Union
The Difficult Construction of European Banking Union examines the political, legal and economic issues surrounding the lacunae and design faults of European Banking Union and its problematic operation. The volume brings together the work of sixteen scholars focused on the diverse debates surrounding the construction and operation of Banking Union (BU), and its necessary reform. BU represents one of the most important developments in European integration since the launch of Monetary Union. Furth...
A central bank needs authority and a sphere of independent action. But a central bank cannot become an unelected Czar with sweeping, unaccountable discretionary power. How can we balance the central bank's authority and independence with needed accountability and constraints? Drawn from a 2015 Hoover Institution conference, this book features distinguished scholars and policy makers' discussing this and other key questions about the Fed. Going beyond the widely talked about decision of whether...
Bankrechtstag 2021 (Schriftenreihe Der Bankrechtlichen Vereinigung, #43)
Financial Regulation in Crisis? - The Role of Law and the Failure of Northern Rock
by Joanna Gray and Orkun Akseli
The depositor run on the Northern Rock bank in September 2007, which led to the bank's subsequent nationalization was the first run on a UK bank for nearly 150 years and was a seminal moment in the unfolding global financial crisis.This book provides a detailed legal analysis of the role played by financial law and regulation during this event, and the impact the episode made on the law. The contributors to the book explore and elaborate upon the legal technique of securitization, and how Northe...
What affects the supply of oil? How important is the weather in determining grain prices? Why has the price of copper skyrocketed? This unique book analyses the economics of key commodity groups, including energy, agriculture and metals. It examines the supply/demand fundamentals of several major and minor commodities, physical characteristics, production and consumption patterns, trade flows and pricing mechanisms. It also explains the main tools used to hedge price risk, such as futures, opt...
The international financial system is not only economic, but political. Making a Killing explores the often-overlooked world of terrorist financing and the involvement of the international banking system. In order to address the threat of terrorist organizations in a post-9/11 world - and how they are funded and financed in particular - the international community has constructed a vast architecture of counterterrorist finance laws, policies, and institutions.Connecting the fields of security st...
Law and Regulation of Mobile Payment Systems (Routledge Research in Finance and Banking Law)
by Joy Malala
Over the last ten years mobile payment systems have revolutionised banking in some countries in Africa. In Kenya the introduction of M-Pesa, a new financial services model, has transformed the banking and financial services industry. Giving the unbanked majority access to the financial services market it has attracted over 18 million subscribers which is remarkable given that fewer than 4 million people in Kenya have bank accounts. This book addresses the legal and regulatory issues arising out...
Corporate Liability for Insider Trading (The Law of Financial Crime)
by Juliette Overland
Corporate Liability for Insider Trading examines the reasons why there have been no successful criminal prosecutions, or successful contested civil proceedings, against corporations for insider trading, and analyses the various rationales for prohibiting insider trading. It reviews the insider trading regulatory regime and describes its key features, using both national and international examples. The book inspects a variety of criminal and civil models of corporate liability and considers the h...
Bank Governance Contracts
The world-wide trend towards deregulation, internationalization and conglomeration in financial markets may have substantially increased banking efficiency, but it has also highlighted the need for prudent controls to secure consumer protection and financial stability. This important new book compares and assesses the regulatory and supervisory frameworks established in London, New York and Tokyo. The European single market in financial services, the quest for international harmonization of su...
ICSA Study Text (ICSA study text)
Global Governance of Financial Systems (CERF Monographs on Finance and the Economy)
by Kern Alexander, Rahul Dhumale, and John Eatwell
The book sets forth the economic rationale for international financial regulation and what role, if any, international regulation can play in effectively managing systemic risk while providing accountability to all affected nations. The book suggests that a particular type of global governance structure is necessary to have more efficient regulation of the international financial systems.