The Fsa S Report Into The Failure Of Rbs
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The Fsa S Report Into The Failure Of Rbs
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Author : Great Britain: Parliament: House of Commons: Treasury Committee
language : en
Publisher: The Stationery Office
Release Date : 2012-10-19
The Fsa S Report Into The Failure Of Rbs written by Great Britain: Parliament: House of Commons: Treasury Committee and has been published by The Stationery Office this book supported file pdf, txt, epub, kindle and other format this book has been release on 2012-10-19 with Business & Economics categories.
This report identifies issues arising from the FSA's report into the failure of RBS that may merit further legislative or regulatory change. The report also considers the value of the reporting process for understanding the causes of RBS's failure and for ensuring that appropriate lessons have been learnt. The Government should include an explicit requirement for the Prudential Regulation Authority to approve major bank acquisitions and mergers in forthcoming legislation and the Treasury should report on the legislative or other changes it proposes to make to the current regime regulating acquisitions in the banking sector. The Bank of England has still to produce a comprehensive review of the Bank's role in, and response to, the crisis. Any lessons learned will only be available at a very late stage in Parliament's consideration of the Financial Services Bill, when incorporation of them into legislation may be more difficult. The Parliamentary Commission on Banking Standards should examine the PRA's approach to banking supervision. The Government should consult on whether additional legislation is required to ensure that directors or other senior executives of failed banks cannot work in other regulated industries in future, or to make the system more certain. The Committee supports attempts to remedy the misalignment of incentives embedded within the financial services framework. The introduction of strict liability would be a major change to the existing legal framework and would require full public debate. The Parliamentary Commission on Banking Standards should examine this and other options.
Shredded
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Author : Ian Fraser
language : en
Publisher: Birlinn
Release Date : 2015-10-14
Shredded written by Ian Fraser and has been published by Birlinn this book supported file pdf, txt, epub, kindle and other format this book has been release on 2015-10-14 with Business & Economics categories.
This is the definitive account of the Royal Bank of Scotland scandal. For a few brief months in 2007 and 2009, the Royal Bank of Scotland was the largest bank in the world. Then the Edinburgh-based giant - having rapidly grown its footprint to 55 countries and stretched its assets to £2.4 trillion under its hubristic and delinquent former boss Fred Goodwin - crashed to earth. In Shredded, Ian Fraser explores the series of cataclysmic misjudgments, the toxic internal culture and the 'light touch' regulatory regime that gave rise to RBS/NatWest's near-collapse. He also considers why it became the most expensive bank in the world to bail out and why a culture of impunity was allowed to develop in the banking sector. This new edition brings the story up to date, chronicling the string of scandals that have come to light since taxpayers rescued RBS and concluding with an evaluation of the attempts of the bank's post-crisis chief executives, Stephen Hester and Ross McEwan, to dismantle Goodwin's disastrous legacy and restore the damaged institutions to health. 'A gripping account - RBS was a rogue business, operating in what had become a rogue industry, with the connivance of government. Read it and weep' – Martin Woolf, Financial Times
Regulation And Regulators After Global Financial Crises
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Author : Aleksandra Jordanoska
language : en
Publisher: Taylor & Francis
Release Date : 2024-12-31
Regulation And Regulators After Global Financial Crises written by Aleksandra Jordanoska and has been published by Taylor & Francis this book supported file pdf, txt, epub, kindle and other format this book has been release on 2024-12-31 with Business & Economics categories.
This book provides an original theoretically and empirically grounded analysis of regulatory enforcement activism in post-crisis periods and the ensuing regulatory interactions. It critically addresses the ‘more regulation’ enforcement agenda relating to financial misconduct in the aftermath of the 2008 financial crisis, showing how misconduct was constructed through the enforcement policies and practices of the powerful UK financial conduct regulator and its interactions with the subjects of enforcement proceedings and their legal representatives during a tumultuous time in the financial markets. Drawing from interviews with regulators, professional intermediaries, and markets participants; documentary analysis of enforcement decisions and speeches; and observations, the volume adopts an interdisciplinary approach grounded in social constructivist perspectives on compliance and deviance, regulation theory, and socio-legal research. Through a multi-dimensional analytical framework of regulatory enforcement activism that links shifts in regulatory policymaking; experimentations with legal powers in information-gathering, legal and extra-legal penalties, and individual accountability; and the use of enforcement tools in micro-level interactions, the book documents a more interventionist and punitive post-crisis enforcement agenda. The findings challenge current thinking in the 'scandal and reform' literature. The work argues that despite the increased focus on enforcement, it is not necessarily the case that the power has tilted more towards the regulator. This fine-grained socio-legal enquiry makes innovative and timely theoretical contributions to our understanding of the limitations of regulatory activism and regulatory control, regulatory relationships, the governance of financial markets, and broader thinking on regulating corporations and the individuals within them. It will appeal to academics, researchers, regulators, and policymakers working in regulation across law, criminology, sociology, and politics.
The Law On Corporate Governance In Banks
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Author : Iris H-Y Chiu
language : en
Publisher: Edward Elgar Publishing
Release Date : 2015-02-27
The Law On Corporate Governance In Banks written by Iris H-Y Chiu and has been published by Edward Elgar Publishing this book supported file pdf, txt, epub, kindle and other format this book has been release on 2015-02-27 with Law categories.
Corporate governance in financial institutions has come under the spotlight since the banking crisis in the UK in 2008-9. In many respects, the banking business raises unique problems for corporate governance that are not found in other corporate secto
Accounting And Finance Understanding And Practice
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Author : Neeta Shah
language : en
Publisher: McGraw Hill
Release Date : 2025-02-17
Accounting And Finance Understanding And Practice written by Neeta Shah and has been published by McGraw Hill this book supported file pdf, txt, epub, kindle and other format this book has been release on 2025-02-17 with Business & Economics categories.
Now in its fifth edition, Accounting and Finance: Understanding and Practice has been fully updated to align with the latest International Financial Reporting Standards. It offers expanded coverage on the core areas of teaching relevant to students studying introductory courses in Accounting and Finance. Ample practical examples, updated case studies, and end-of-chapter questions help students easily relate accounting and finance to the business world. Key features: The text is organized in three parts: financial accounting, financial management, and management accounting. New chapter on Sustainability – a growing area of research within accounting and business. Enhanced discussion on corporate governance, and fair value accounting. Numerous up-to-date references to businesses and well-known companies throughout. Running case study on Marks & Spencer across every chapter to highlight the relevance of each topic to a real-world example. Updated Accounting in Context case studies exemplify issues discussed in each chapter featuring real companies such as Watches of Switzerland, Benevolent AI and Shein.
Reverse Stress Testing In Banking
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Author : Michael Eichhorn
language : en
Publisher: Walter de Gruyter GmbH & Co KG
Release Date : 2021-05-10
Reverse Stress Testing In Banking written by Michael Eichhorn and has been published by Walter de Gruyter GmbH & Co KG this book supported file pdf, txt, epub, kindle and other format this book has been release on 2021-05-10 with Business & Economics categories.
Reverse stress testing was introduced in risk management as a regulatory tool for financial institutions more than a decade ago. The recent Covid-19 crisis illustrates its relevance and highlights the need for a systematic re-thinking of tail risks in the banking sector. This book addresses the need for practical guidance describing the entire reverse stress testing process. Reverse Stress Testing in Banking features contributions from a diverse range of established practitioners and academics. Organized in six parts, the book presents a series of contributions providing an in-depth understanding of: Regulatory requirements and ways to address them Quantitative and qualitative approaches to apply reverse stress testing at different levels – from investment portfolios and individual banks to the entire banking system The use of artificial intelligence, machine learning and quantum computing to gain insights into and address banks’ structural weaknesses Opportunities to co-integrate reverse stress testing with recovery and resolution planning Governance and processes for board members and C-suite executives Readers will benefit from the case studies, use cases from practitioners, discussion questions, recommendations and innovative practices provided in this insightful and pioneering book.
Capital Failure
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Author : Nicholas Morris
language : en
Publisher: Oxford University Press, USA
Release Date : 2014
Capital Failure written by Nicholas Morris and has been published by Oxford University Press, USA this book supported file pdf, txt, epub, kindle and other format this book has been release on 2014 with Business & Economics categories.
Argues that the trust-intensive nature of the financial services industry makes it essential to rebuild trustworthiness in the provision of financial services. It considers the lack of trust that emerged following deregulation of the financial sector and examines what is needed to rebuild trustworthiness.
Banking Law And Financial Regulations
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Author : John Abolarin
language : en
Publisher: Austin Macauley Publishers
Release Date : 2025-01-03
Banking Law And Financial Regulations written by John Abolarin and has been published by Austin Macauley Publishers this book supported file pdf, txt, epub, kindle and other format this book has been release on 2025-01-03 with Business & Economics categories.
Evaluating the financial accounts of the Royal Bank of Scotland Group, Barclays, HSBC, and Standard Chartered Bank from 2004 – 2018 reveals a taste of the sweetness of success. It also demonstrates what could go wrong in a mega bank, the crippling price of failure, and the long hard road to recovery. This book is a historical account of the causes of instability in the banking sector in the past 40 years and an evaluation of the effectiveness or otherwise of a range of laws and regulatory measures adopted to remedy financial crises in the UK over the years. In addition, the book provides a broad review of the evolutionary development of banking and financial laws starting with seminal case laws on the subject, the Banking Act 1979, the repealed Banking Act 1987, FSMA 2000, the Company Act 2006, the Banking Reform Act 2013, Basel Accords and sundry EU Directives. John, a Barrister at Law offered a robust blend of theoretical knowledge and twenty years of practical industry experience in a commercial bank to provide legal perspectives on supervisory models necessary for stability in the banking sector, while promoting justification for creating an enabling environment for wealth creation and economic growth. The Methods and Methodology chapter would be an invaluable companion for postgraduate students and researchers.
International Corporate Governance
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Author : Thomas Clarke
language : en
Publisher: Taylor & Francis
Release Date : 2023-08-29
International Corporate Governance written by Thomas Clarke and has been published by Taylor & Francis this book supported file pdf, txt, epub, kindle and other format this book has been release on 2023-08-29 with Business & Economics categories.
Thomas Clarke’s International Corporate Governance offers a panoramic guide to corporate governance and examines the recurring crises in governance and the reform around the world. This is a popular classic book but significant changes have been made to this new edition to take account of: the continuing impact of the global financial crisis and the wave of regulation development flowing from this the profound consequences of climate change and the urgent need for corporations to respond with the commitment to sustainable value creation Important elements of the work include: contemporary governance failures including BP, VW, Boeing, GM/Tesla, Apple, Purdue Pharma, and Theranos; the ongoing vitality of the diversity of corporate governance across the world; digital disruption in capital markets and initiatives to build long-term investment; the universal impact of financialization and resulting increasing inequality; the essential logic of corporate governance and corporate sustainability. The textbook contains a wealth of pedagogical material to guide the reader through this complex subject, with student questions to help with assessments and new companion website. There are 14 new forensic case analyses critically scrutinizing governance failures. International Corporate Governance is an essential text for those studying corporate governance at the advanced undergraduate, postgraduate, or executive level.
The Oxford Handbook Of Financial Regulation
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Author : Niamh Moloney
language : en
Publisher: OUP Oxford
Release Date : 2015-08-27
The Oxford Handbook Of Financial Regulation written by Niamh Moloney and has been published by OUP Oxford this book supported file pdf, txt, epub, kindle and other format this book has been release on 2015-08-27 with Law categories.
The financial system and its regulation have undergone exponential growth and dramatic reform over the last thirty years. This period has witnessed major developments in the nature and intensity of financial markets, as well as repeated cycles of regulatory reform and development, often linked to crisis conditions. The recent financial crisis has led to unparalleled interest in financial regulation from policymakers, economists, legal practitioners, and the academic community, and has prompted large-scale regulatory reform. The Oxford Handbook of Financial Regulation is the first comprehensive, authoritative, and state of the art account of the nature of financial regulation. Written by an international team of leading scholars in the field, it takes a contextual and comparative approach to examine scholarly, policy, and regulatory developments in the past three decades. The first three parts of the Handbook address the underpinning horizontal themes which arise in financial regulation: financial systems and regulation; the organization of financial system regulation, including regional examples from the EU and the US; and the delivery of outcomes and regulatory techniques. The final three Parts address the perennial objectives of financial regulation, widely regarded as the anchors of financial regulation internationally: financial stability, market efficiency, integrity, and transparency; and consumer protection. The Oxford Handbook of Financial Regulation is an invaluable resource for scholars and students of financial regulation, economists, policy-makers and regulators.