Banking / Finance

Research Handbook on International Financial Regulation

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Edited by Kern Alexander · Rahul Dhumale
Edward Elgar Publishing August 2012

Specifications

ISBN-13
9781845422707
Publisher
Edward Elgar Publishing
Publication
August 2012
Format
Hardback
Jurisdiction
International ? Countri(es) for reference only

Details

The globalisation of financial markets has attracted much academic and policymaking commentary in recent years, especially with the growing number of banking and financial crises and the current credit crisis that has threatened the stability of the global financial system.

This major new Research Handbook sets out to address some of the fundamental issues in financial regulation from a comparative and international perspective and to identify some of the main research themes and approaches that combine economic, legal and institutional analysis of financial markets. Specially commissioned contributions represent diverse viewpoints on the financial regulation debate and cover a number of new and controversial topics not yet adequately addressed in the literature. Specifically, these include; financial innovation - particularly in the context of the credit risk transfer market, securitization and the systemic importance of the over-the-counter trading markets; the institutional structure of international financial regulation; and risk management and corporate governance of financial institutions. This Handbook will provide a unique and fully up-to-date resource for all those with an interest in this critical issue - including academic researchers in finance and regulation, practitioners working in the industry and those involved with regulation and policy.

Table of Contents

1. The Nature of Modern Credit Markets and Modern Banking and Financial Innovation 
Kern Alexander and John Eatwell

2. The Shadow Banking System as a New Source of Financial Turmoil
Tom Burns

3. Ethical Failures in Regulating and Supervising the Pursuit of Safety-net Subsidies
Edward J. Kane

4. Exigent and Unusual Circumstances: The Federal Reserve and the US Financial Crisis
Christian A. Johnson

5. The Determinants of Capital Held by UK Banks and Building Societies and the Role of Individual Capital Requirements 
Isaac Alfon, Isabel Argimon and Patricia Bascunana-Ambros

6. Considerations on Developing and Validating Rating and Loss Given Default Methodologies 
Gianluca Riccio

7. Basel 2 and the Availability and Terms of Trade Finance
Andrew Cornford

8. Some Rule for Cross-border Banks in Europe 
David G. Mayes

9. Transatlantic Convergence of Financial Regulation – A European Perspective
Klaus R. Ilmonen

10. The Ability for the State to Exit, for the Banks to Pay and for the EC Commission to Protect Competition in the Current Bail Out Plans: A Difficult Coexistence
Constanza A. Russo 

11. Globalisation and the regulation of FDI: New Proposals from the European Union and Japan
Ajit Singh

12. Clearing and Settlement in the EU
Kern Alexander, John Eatwell, Avinash Persaud and Robert Reoch

13. Central Counterparties and Derivatives
Chryssa Papathanassiou

14. Lessons from Japan’s Banking Crisis, 1991–2005
Mariko Fujii and Masahiro Kawai

15. Determinants of Financial Supervision Regimes: Markets, Institutions, Politics, Law or Geography?
Donato Masciandaro

16. Liquidity Illusions in the Global Financial Architecture
Anastasia Nesvetailova

17. Governance in International Financial Institutions: The Case of the IMF
Xenia Roduner

18. Foreign IPOS: Learning from the Success of Israeli Firms
Iftekhar Hasan and Maya Waisman

19. International Regulatory Reform and Financial Taxes
Kern Alexander and John Eatwell

20. Summing Up and the Challenges Ahead
Kern Alexander, Rahul Dhumale and John Eatwell 

Index

About the Author

Edited by Kern Alexander, Chair for Law and Finance, University of Zurich, Switzerland and Head of Research in Financial Regulation, Centre for Financial Analysis and Policy, University of Cambridge, UK and Rahul Dhumale, Managing Director, Risk Control, UBS, London, UK

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