The Social Reform of Banking

Cynthia A. Williams () and John M. Conley ()
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Cynthia A. Williams: University of Illinois College of Law
John M. Conley: University of North Carolina College of Law

A chapter in Responsible Investment Banking, 2015, pp 235-250 from Springer

Abstract: Abstract Recent developments in banking, including high-profile prosecutions for illegal activities, suggest further regulatory interventions on both sides of the Atlantic. Yet the structure of much banking regulation requires banks to make good faith determinations of the type of risks to which their loans give rise—determinations that can be and, in some cases have been, manipulated. Rather than evaluating specific regulatory interventions, this chapter will focus on the culture within financial institutions themselves, particularly the global entities that are explicitly or implicitly too big to fail, and on approaches to regulation that might affect and be affected by that culture. Our analysis is informed by the perspectives of anthropology, organizational and social psychology, and new governance regulatory theory.

Keywords: Corporate Social Responsibility; Credit Default Swap; Project Finance; International Finance Corporation; Global Bank (search for similar items in EconPapers)
Date: 2015
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Persistent link: https://EconPapers.repec.org/RePEc:spr:csrchp:978-3-319-10311-2_14

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DOI: 10.1007/978-3-319-10311-2_14

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