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OverviewBank Regulation, Risk Management, and Compliance is a concise yet comprehensive treatment of the primary areas of US banking regulation – micro-prudential, macroprudential, financial consumer protection, and AML/CFT regulation – and their associated risk management and compliance systems. The book’s focus is the US, but its prolific use of standards published by the Basel Committee on Banking Supervision and frequent comparisons with UK and EU versions of US regulation offer a broad perspective on global bank regulation and expectations for internal governance. The book establishes a conceptual framework that helps readers to understand bank regulators’ expectations for the risk management and compliance functions. Informed by the author’s experience at a major credit rating agency in helping to design and implement a ratings compliance system, it explains how the banking business model, through credit extension and credit intermediation, creates the principal risks that regulation is designed to mitigate: credit, interest rate, market, and operational risk, and, more broadly, systemic risk. The book covers, in a single volume, the four areas of bank regulation and supervision and the associated regulatory expectations and firms’ governance systems. Readers desiring to study the subject in a unified manner have needed to separately consult specialized treatments of their areas of interest, resulting in a fragmented grasp of the subject matter. Banking regulation has a cohesive unity due in large part to national authorities’ agreement to follow global standards and to the homogenizing effects of the integrated global financial markets. The book is designed for legal, risk, and compliance banking professionals; students in law, business, and other finance-related graduate programs; and finance professionals generally who want a reference book on bank regulation, risk management, and compliance. It can serve both as a primer for entry-level finance professionals and as a reference guide for seasoned risk and compliance officials, senior management, and regulators and other policymakers. Although the book’s focus is bank regulation, its coverage of corporate governance, risk management, compliance, and management of conflicts of interest in financial institutions has broad application in other financial services sectors. Chapter 6 of this book is freely available as a downloadable Open Access PDF at http://www.taylorfrancis.com under a Creative Commons Attribution-Non Commercial-No Derivatives (CC-BY-NC-ND) 4.0 license. Full Product DetailsAuthor: Alexander DillPublisher: Taylor & Francis Ltd Imprint: CRC Press Weight: 0.453kg ISBN: 9780367521370ISBN 10: 0367521377 Pages: 340 Publication Date: 13 December 2021 Audience: College/higher education , Professional and scholarly , Tertiary & Higher Education , Professional & Vocational Format: Paperback Publisher's Status: Active Availability: In Print  This item will be ordered in for you from one of our suppliers. Upon receipt, we will promptly dispatch it out to you. For in store availability, please contact us. Table of ContentsList of figures List of tables List of abbreviations Table of legal sources Note about the author Acknowledgments Introduction Part I Foundations Chapter 1 The banking business model and rise of the financial conglomerate Chapter 2 The bank regulatory framework and formation and conveyance of regulatory expectations Chapter 3 Managing banks’ risks through a corporate governance framework Part II Primary areas of bank regulation and internal governance Chapter 4 The role of risk management and compliance in micro-prudential capital regulation Chapter 5 The role of risk management and compliance in micro-prudential oversight Chapter 6 The role of corporate governance in macro-prudential regulation of systemic risk Chapter 7 The capital solution to systemic risk: Risk management and compliance implications Chapter 8 The structural solution to systemic risk: Risk management and compliance implications Chapter 9 The role of risk management and compliance in consumer protection regulation Chapter 10 The role of risk management and compliance in the payments system: AML/CFT regulation Chapter 11 The future of bank regulation, risk management, and compliance References IndexReviews'This is a comprehensive guide to US banking regulations which have evolved into a more invasive supervisory approach compared to the market-based approach that existed before the Global Financial Crisis (GFC). 1 The book covers the banking business, the unique features of banks’ corporate governance and conflicts of interest (COIs), and the primary areas of banking regulations and the associated supervisory expectations for risk management and compliance (p.6).' - Dr Sau Wai Law, Assistant Professor, Hong Kong Shue Yan University Author InformationAlexander Dill is Lecturer in the Financial Mathematics Program at the University of Chicago and Lecturer in Law at the UCLA School of Law. He is a recognized expert on the financial markets and the regulatory, risk management, and compliance frameworks that apply to them. He worked in the finance industry for nearly 30 years, first in private corporate law practice and subsequently at the US Securities and Exchange Commission and Moody’s Investors Service. Tab Content 6Author Website:Countries AvailableAll regions |
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