Challenges for Banks and a New Regulatory Framework
Ted Lindblom,
Stefan Sjögren and
Magnus Willesson
Chapter 1 in Governance, Regulation and Bank Stability, 2014, pp 1-8 from Palgrave Macmillan
Abstract:
Abstract The financial crisis revealed severe weaknesses in the governance, regulation and stability of banks. The considerable economic impact of the crisis on the businesses of many individual banks is today well documented and so is its effect on systemic risk and the increased threat to the stability of the financial system as a whole. The content of this book is mainly driven by the challenges banks and other financial institutions are facing in the aftermath of the financial crisis. A number of governance related topics, and responsibilities within and outside the financial system have been, and are, discussed alongside the re-regulation of the banking industry through a gradual implementation of the proposed and continuously updated Basel III standards. The institutions that constitute the financial system infrastructure are not only preparing for possible worst-case scenarios but also for a stable, healthy and sustainable banking industry. The title of this book — Governance, Regulation and Bank Stability — intends to capture the important challenges that lie ahead, in the search for a sounder banking industry: challenges that not only comprise the probability of default for systemically important financial institutions (SIFIs), but also promote efficiency in everyday banking operations.
Keywords: Corporate Governance; Financial Crisis; Banking Industry; Intermediation Model; Systemic Risk (search for similar items in EconPapers)
Date: 2014
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Persistent link: https://EconPapers.repec.org/RePEc:pal:pmschp:978-1-137-41354-3_1
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DOI: 10.1057/9781137413543_1
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