Banking Regulation and Supervision: A Comparative Study of the UK, USA, and Japan
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 supervisory practices and the numerous failures of financial institutions during recent years, notably BCCI, have led to a reappraisal of the regulation of financial markets and institutions. Focusing on the banks incorporated in the 'Golden Triangle' of London, New York and Tokyo, this important new book compares and assesses the regulatory and supervisory frameworks established to protect investors and preserve overall financial stability. Dr Hall, a leading authority on financial regulation, critically assesses the strengths and weaknesses of regulatory practices in the UK, USA and Japan. He highlights the often conflicting requirements of regulation which seeks, to secure consumer protection and financial stability while maximizing efficiency. Banking Regulation and Supervision offers a comprehensive coverage of regulatory developments up to the end of 1992, making it essential reading for all members of the financial community, as well as academics, policymakers and students interested in developments in banking and finance.
What people are saying - Write a review
We haven't found any reviews in the usual places.
Other editions - View all
accounts affiliates agencies allowed April assessment authorities bank holding companies Bank of England Bank of Japan bank’s Banking Act banking and securities Banking Law banking organizations bills bond market borrowing branches capital adequacy cent city banks commercial banks competitive controls corporate deposit insurance depositors deregulation domestic eligible engage equity euroyen bonds example exposures FDIC Federal Reserve financial institutions financial system foreign banks foreign currency foreign exchange foreign exchange market funds government bonds Hall industry interest rate investment issuers Japanese banks Japanese financial system June lending liberalization limit loans long-term credit banks maturity member banks ment mergers million minimum monetary policy money market non-bank Norinchukin Bank operations ordinary banks overseas prohibited provisions reform regulatory restrictions risk weight section 20 securities activities securities business securities companies shinkin banks short-term sogo banks subsidiaries supervisory Tier 1 capital tion Tokyo trading transactions Treasury trust banks underwriting yen-denominated