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The Key Code and Advanced Handbook for the Governance and Supervision of Banks in Australia

The Key Code and Advanced Handbook for the Governance and Supervision of Banks in Australia

Author: Francesco de Zwart
Publisher: Springer-Verlag
ISBN: 9789811617096
Published In: October 2021
Format: Hardback (2 volumes)
Jurisdiction: Singapore ? Disclaimer:
Countri(es) stated herein are used as reference only

HKD 2,393.00

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Description
Contents

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This Key Code and Handbook examines the corporate governance and accountability of Major Banks, their directors and executives which were the central focus of bank, Supervisor, Regulator and governmental activity and public scrutiny in 2018 and 2019. This book explores this responsibility focus by providing evidence from the Global Financial Crisis and beyond with both APRA and ASIC investigating illegal conduct, misconduct and conduct which was below the level of community expectations. This book discusses how the Royal Commission into misconduct in the banking and financial services industry has already given rise to a detailed Final Report whose recommendations are still being put into effect. Further, this book uses evidence provided by the large number of Prudential Standards issued by APRA and investigations into the conduct of Major Banks by Regulators.

This book explores governance variables - over 1,700 in number and grouped into 159 'key groupings' or separate categories - which are all indexed to 28 governmental, regulatory and supervisory reports and documents to create a governance code and commentary specifically tailored to Australian banks. Each governance variable is modelled on the Stage 1 Relational Approach contained in Enhancing Firm Sustainability Through Governance. Given the huge interest in the governance of banks, Parts 1 and 2 - explaining the Relational Approach - of Stage 1 were recently published in November 2018 and June 2019 in the Australian Journal of Corporate Law.

This book is the largest reference book and handbook in publication worldwide containing the structures, mechanisms, processes and protocols - the checks and balances we call 'governance variables' - that deeply addresses and explains banking accountability and regulation in Australia.

Preface

Part I: Governance Of Banks In The GFC And Beyond Key Field No 5 (Part 1): Introduction To The Relational Corporate Governance Model, Key Code And Advanced Handbook

Chapter 1. Aims and Approach to Examining The Governance Of Banks In The Global Financial Crisis And Beyond To The Australian Banking Royal Commission Inquiry Into Banking Misconduct In Stage 2

Chapter 2. The Theoretical And Operational Parts Of The Stage 1 Relational Approach And Model

Chapter 3. Determining The Effects Of Governance Variables In The Relational Approach

Chapter 4. Key Code And Advanced Handbook User Guide

Chapter 5. Quick-Reference Guide

Part II: Governance Of Banks In The GFC And Beyond Key Field No 5 (Part 2): The Challenge For Relational Governance Variables For Australian Banks

Chapter 6. Key Questions And Core Failures In Bank Governance

Chapter 7. Distinguishing Features Of Banks For The Relational Approach

Chapter 8. Maximising The 'Default Standard' Of Shareholder Value

Chapter 9. Overview Of Stage 2 Bank-Specific Key Code And Advanced Handbook For Australian Banks

Part III: Governance Of Banks In The GFC And Beyond Key Field No 5 (Part 3): Bank-Specific Coverage And Relational Proximity Rating Results For Australian Banks

Chapter 10. Existing Stage 1 And New Stage 2 Bank-Specific Relational Corporate Governance Variables For Australian Banks

Part IV: Governance Of Banks In The GFC And Beyond Key Field No.

5 (Part 4): Issues In Executive Compensation And Accountability - Incentives, Bonuses, Equity And Option Compensation And The Bear

Chapter 11. Approach And Structure Of Part 4 Has A Risk-Taking Focus

Chapter 12. Government And Market Reform Report Recommendations For Compensation Or Remuneration

Chapter 13. FSB Principles For Sound Compensation Practices (FSBP) And FSB Implementation Standards (FSBIS)

Chapter 14. Nab Self-Assessment 2018 Recommendations And Commentary On Remuneration

Chapter 15. Westpac Review Team 2018 Recommendations And Commentary On Remuneration

Chapter 16. Shareholder Value Maximisation In Banks And Financial Firms

Chapter 17. Additional Compensation/Remuneration Committee Considerations

Chapter 18. Compensation Practices For Misconduct Risk

Chapter 19. FSRC Final Report Commentary And Recommendations In Relation To Remuneration

Chapter 20. The BEAR - Bank Executive Accountability Regime - And Apra's Non-Financial Risk Accountabilities

Chapter 21. APRA Revised Draft Prudential Standard Cps 511 Remuneration

Part V: Governance Of Banks In The GFC And Beyond Key Field No.

5 (Part 5): Boards And Committees, Independence, Expertise And Bank And Risk Culture

Chapter 22. Approach of Part 5

Chapter 23. Board Characteristics For Australian Major Banks

Chapter 24. Functioning Of The Board And Monitoring And Evaluation Of Performance

Chapter 25. Diversity

Chapter 26. Skills, Independence, Competence And 'Fit And Proper Person' Tests

Chapter 27. Failures In Risk Modelling And Rating Securitized Products

Chapter 28. Failures In Risk Modelling And Rating Securitized Products

Chapter 29. Composition, Independence, Representation, Codes Of Conduct And Culture

Chapter 30. NAB Self-Assessment 2018, Westpac Review Team 2018 And Westpac Reassessment on Governance, Accountability And Culture

Chapter 31. NAB and Westpac Recommendations and Commentary on Culture

Chapter 32. APRA Information Paper 2019 On Risk Culture

Chapter 33. Financial And Bank-Specific Expertise

Chapter 34. Role, Responsibilities And Time Commitment For The Chairperson

Chapter 35. Size And Composition Of The Board

Chapter 36. Board Committees

Chapter 37. Complexity Of Bank Structures, Off-Balance Sheet Entities, Disclosure And Transparency

Part VI: Governance Of Banks In The Gfc And Beyond Key Field No 5 (Part 6): The Governance And Management Of Bank Risk, Risk Appetite And Risk Culture

Chapter 38. Introduction To Failings Of Risk Management In The Global Financial Crisis And Beyond To The Australian Banking Royal Commission Inquiry Into Banking Misconduct

Chapter 39. NAB and ASIC Failures In Issue Identification, Escalation And Resolution

Chapter 40. Risk Culture, Risk Appetite And Risk Appetite Statements

Chapter 41. FSB Effective Risk Appetite Framework

Chapter 42. The Three Lines Of Defence

Chapter 43. Board Risk Committee (BRC)

Chapter 44. Board Risk Committee Composition

Chapter 45. The Risk Management Function

Chapter 46. The Internal Audit Function

Chapter 47. Governance Variables For Remediation Activities

Chapter 48. Governance Variables For APRA On Risk Management And Compliance

Chapter 49. NAB's Risk Management Framework (RMF) And ASX Environmental And Social Risks

Chapter 50. Governance Variables For The Westpac Review Team 2018 And The Westpac Reassessment On Risk Management And Compliance