A Political Economy of Banking Supervision
Springer International Publishing (Verlag)
978-3-030-48549-8 (ISBN)
Banking is like a cardiovascular system for our society. If it functions correctly, it allows the economy to operate smoothly. On the other hand, if it malfunctions it becomes a doomsday device. This creates an asymmetry of risks - the asymmetry between the potential dire consequences and the modest rewards of accepting those risks.
Banking was one of the critical technological factors enabling the transition from the middle ages and the creation of modern society. However, while today it contributes little to economic growth, its malfunction has a profound and lasting adverse impact.
The book explains why, how and what. Why is it important to keep tight supervision of the banks? How can banking supervision improve stability, not only of the financial system but also of the whole human society? What went wrong with the regulation in the past?
lt;br>Damir Odak served as a Vice-Governor of the Croatian National Bank, where he contributed to financial stability during the most prolonged recession in the EU. He also participated in the development of EU regulations as a member of the European Banking Authority (EBA) Board of Supervisors.
Odak has worked as a CEO and board member for 22 years, and successfully managed three banks during major restructuring periods, including bank acquisitions (domestic and international), mergers, significant portfolio clean-ups and the establishment of a bank.
why banks must be supervised?.- How that all come to be?.- Big Depression - events forcing the regulator's hand.- Great recession- the ugly daughter of deregulation.- The asymmetry.- How can supervision prevent financial crises?
| Erscheinungsdatum | 22.06.2021 |
|---|---|
| Zusatzinfo | XII, 181 p. 14 illus. |
| Verlagsort | Cham |
| Sprache | englisch |
| Maße | 155 x 235 mm |
| Gewicht | 305 g |
| Themenwelt | Wirtschaft ► Volkswirtschaftslehre ► Makroökonomie |
| Schlagworte | Banking Resolution • Financial Crises • Financial stability • IFRS • Internal risk based • International Financial Reporting Standards • IRB • Regulation • Risk Management • Single Supervisory Mechanism • SSM |
| ISBN-10 | 3-030-48549-8 / 3030485498 |
| ISBN-13 | 978-3-030-48549-8 / 9783030485498 |
| Zustand | Neuware |
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