Kooperativer Bibliotheksverbund

UID:

Format: 1 Online-Ressource (XXIII, 450 p. 7 illus., 2 illus. in color)

Edition: 1st ed. 2024

ISBN: 9783031452895

Series Statement: Palgrave Macmillan Studies in Banking and Financial Institutions

Additional Edition: Erscheint auch als Druck-Ausgabe ISBN 978-3-031-45288-8

Additional Edition: Erscheint auch als Druck-Ausgabe ISBN 978-3-031-45290-1

Additional Edition: Erscheint auch als Druck-Ausgabe ISBN 978-3-031-45291-8

Language: English

DOI: 10.1007/978-3-031-45289-5

URL: Volltext  (URL des Erstveröffentlichers)

UID:

Format: 1 Online-Ressource (xviii, 210 pages)

Edition: Also issued in print: Hart Publishing, 2022. Digital resource published 2022

ISBN: 9781509961337

Series Statement: Hart Studies in Commercial and Financial Law

Content: "This book analyses the legal regimes governing bank crisis management in the EU, UK, and US, discussing the different procedures and tools available as well as the regulatory architecture and the authorities involved. Building on a broad working definition of 'bank crisis management' and referring to several cases, the book explores the techniques and approaches employed by the authorities to deal with troubled banks on both sides of the Atlantic. The legal analysis distinguishes between procedures and tools aimed at liquidating the bank in crisis vis-à-vis those aimed at restructuring. In this regard, attention is paid to the rules allowing for the use of public money in handling banks in trouble as well as to the role that deposit insurance schemes can play. Considerations on the impact on banks of the current crisis provoked by the COVID-19 pandemic are advanced, primarily focusing on the expected surge of non-performing loans as well as on ways to effectively manage these assets. The book approaches these issues from a comparative law perspective, providing law and economics considerations and focusing on strengths and drawbacks of the rules currently in force. The book advances policy considerations as well as reform proposals aiming at enhancing the legal regimes in force, with particular reference to the Consultation promoted in 2021 by the European Commission on the adoption of a new bank crisis management and deposit insurance framework in the Union."--

Note: Includes bibliographical references and index , 1. International Bank Crisis Management: Framing the Key Definitions and Drawing the Perimeter of the Analysis : I. Introduction ; II. Bank Crisis Management: Framing the Key Definitions ; III. Other Relevant Definitions ; IV. Jurisdiction-Specific Definitions ; V. The Perimeter of the Analysis -- 2. The Bank Supervisory and Crisis Management Architecture in the EU, UK and US : I. Introduction ; II. The European Banking Union ; III. The UK Bank Supervisory and Crisis Management Architecture ; IV. The US Bank Supervisory and Crisis Management Architecture -- 3. The First Lines of Defence: Bank Capital and Early Intervention Measures : I. Introduction ; II. The Concept of Capital and the Rationale behind Minimum Bank Capital Requirements ; III. Capital Requirements and the Role of the Basel Committee on Banking Supervision ; IV. The Adoption of Basel I ; V. The Adoption of Basel II ; VI. The Adoption of Basel III ; VII. The Adoption of Basel IV ; VIII. Early Intervention Measures ; IX. The Effectiveness of Capital and Early Intervention Measures as First Lines of Defence -- 4. The Crisis of Non-Systemic Institutions: Bank Insolvency Regimes : I. Introduction ; II. The New EU Regime and its Weaknesses ; III. Towards the Establishment of a New EU Harmonised Bank Insolvency Regime Inspired by the Italian, UK and US Frameworks and Experiences ; IV. The Italian Legal Framework ; V. Compulsory Administrative Liquidation under Italian Law ; VI. Bank Liquidation and the EU State Aid Framework: The So-called Liquidation Aid ; VII. The UK Regime ; VIII. The US Regime ; IX. Receivership ; X. The FDIC Strategies ; XI. Concluding Remarks. , 5. The Crisis of Systemic Institutions: Resolution and Orderly Liquidation Authority : I. Introduction ; II. Resolution in the EU ; III. The Resolution Tools ; IV. Bail-in ; V. Resolution Funds ; VI. The Provision of Public Funds in the Context of Resolution and the Interaction between the Resolution Regime and the State Aid Framework ; VII. Impediments to Resolvability ; VIII. Resolution within the Banking Union ; IX. The UK Regime ; X. The US Regime: The Orderly Liquidation Authority ; XI. Concluding Remarks -- 6. Deposit Guarantee Schemes : I. Introduction ; II. The Functions Performed by Deposit Guarantee Schemes in Bank Crises ; III. The Interplay between the Legislation on DGSs and the State Aid Regime ; IV. The Key Contributions of DGSs in Handling Bank Crises ; V. The General Court of the European Union and the Court of Justice of the European Union Judgments in the Banca Tercas Case ; VI. The Current Legal Constraints to DGSs' Optional Interventions in Bank Crises ; VII. Deposit Insurance in the US ; VIII. A Limited-Scope Reform Proposal to Allow DGSs to Play a Leading Role in Bank Crises -- 7. The Legacy of the COVID-19 Crisis: The Non-Performing Loan Problem : I. Introduction ; II. Non-Performing Loans ; III. How to Tackle the Non-Performing Loan Problem: Asset Management Companies ; IV. Types of NPLs to Transfer ; V. Transfer Price ; VI. Capital and Funding Structure and Governance Arrangements ; VII. Concluding Remarks -- 8. Conclusions. , Also issued in print: Hart Publishing, 2022. Digital resource published 2022 , Barrierefreier Inhalt: Compliant with Level AA of the Web Content Accessibility Guidelines. Content is displayed as HTML full text which can easily be resized or read with assistive technology, with mark-up that allows screen readers and keyboard-only users to navigate easily

Additional Edition: ISBN 9781509961306

Additional Edition: ISBN 9781509961344

Additional Edition: ISBN 9781509961320

Additional Edition: ISBN 9781509961313

Additional Edition: Erscheint auch als Druck-Ausgabe ISBN 9781509961306

Language: English

DOI: 10.5040/9781509961337

URL: lizenzpflichtig

UID:

Format: XXIII, 450 p. 7 illus., 2 illus. in color. , online resource.

Edition: 1st ed. 2024.

ISBN: 9783031452895

Series Statement: Palgrave Macmillan Studies in Banking and Financial Institutions,

Content: The book investigates commercial banking, covering the European framework, the Anglo-Saxon systems, and the Asian area in a comparative approach in trying to answer the following questions: Which is the commercial banking business model of the future? What do we expect a bank to be and to do in the new economic and social reality? How might banking supervision over commercial banks as well as market competition change? The book showcases how three factors or driving forces influence the future of commercial banking: i) fintech innovations (such as artificial intelligence, cryptocurrencies, blockchain, algorithmic trading, machine learning and electronic payments, to name a few), ii) covid-19 measures, and iii) SDG policy priorities. Geared toward academics, scholars and students of banking and financial services, the book will explore how these three factors have different weight in the different legal contexts. Chapter11 is available open access under a Creative Commons Attribution 4.0 International License via link.springer.com. Marco Bodellini is a Senior Research Scientist in sustainable finance at the ADA chair in financial law and inclusive finance at the University of Luxembourg, House for Sustainable Governance and Markets, and a Lecturer in banking and financial law at the University of Bergamo. His main areas of research include bank crisis and resolution, corporate governance of financial institutions, systemic risk and financial stability, shadow banking and investment funds, fintech, and sustainable finance. He is a member of the expert group advising the European Parliament on bank crisis management matters, a member of the Advisory Panel of the International Association of Deposit Insurers (IADI), and a Special Advisor to the Unidroit Secretariat on bank insolvency. Gabriella Gimigliano is a Lecturer of Law at the University of Siena, where she held the Jean Monnet Chair in EU Money Law. Her main areas of research include law of money and payments, banking law, Islamic finance, and economic regulation. Dalvinder Singh is a Professor of Law in the School of Law at the University of Warwick, and Adjunct Professor in the Department of Law at the University of Bergamo. He is the editor of the Journal of Banking Regulation and Financial Regulation International. He is also a member of the Advisory Panel of the International Association of Deposit Insurers (IADI).

Note: Foreward, by Vittorio Santoro -- Chapter 1 Introduction, by the Editors -- Part I "The EUROPEAN UNION" -- Chapter 2Intermediaries' model in banking and finance and the treatment of fintech in the European Union: a critical approach, by Patrick Barban -- Chapter 3 FinTech and competition regulatory concerns in the EU banking business framework, by Gabriella Gimigliano -- Chapter 4 Prudential regulation policy responses to financial technological innovations: the future for banks and crypto-finance?, by Iris H-Y Chiu -- Chapter 5 Digitalizing the commercial bank business model: vanishing brank branches and the risk of financial exclusion of the elderly, by Anne-Christine Mittwoch, Anne-Marie Weber, Weronika Herbert-Homenda, and Weronika Stefaniuk -- Chapter 6 The "game changer" in the euro area: Banking Union and commercial banking, by Lucia Quaglia -- Chapter 7The financing of problem banks: critical issues and challenges ahead, by Marco Bodellini -- Chapter 8 The review of the EU bank crisis management and deposit insurance framework, by Johannes Langthaler -- Chapter 9 Sustainable commercial banking in European Union Law: a renewed mandate for commercial banks?, by Pablo Iglesias Rodriguez -- Chapter 10 Commercial banks and competition concerns - SDG policy priorities, by Lela Mélon and Alenka Recelj Mercina -- Part II "The Anglo-Saxon SYSTEMS" -- Chapter 11 Central Bank Digital Currency and the Agenda of monetary devolution, by Leonidas Zelmanovitz and Bruno Meyerhol Salama -- Chapter 12 Open banking in the UK: a co-opetition scenario for innovation and evolution in the UK retail banking sector, by Nikita Divissenko -- Chapter 13 Rethinking crypto-regulation for crypto-investors in the UK, by Joy Malala and Folashade Adeyemo -- Chapter 14 Cross-border recognition of foreign resolution actions: the statutory regime in the United Kingdom, by Shalina Daved, Clare Merrified & Michael Salib -- Chapter 15 The impact of climate change on the economy and financial system: legal aspects of the Bank of England's response, by Jack Parker and Ann Corrigan -- Part III "CHINA AND SOUTH KOREA" -- Chapter 16 Chinese commercial banks and fintech-competition and collaboration, by Ding Chen -- Chapter 17 Fintech and banking reform: a perspective from China, by Wang Feimin, Xu Duoqi, and Cheng Xuejn -- Chapter 18 Prudential regulation of the banking-like business of fintech companies in China, by Yangguang Xu and Zhirou Li -- Chapter 19 Recent changes and prospects of banking services regulations and supervision in Korea, by Sung-Seung Yun and GiJin Yan -- Part IV "Looking ahead" -- Chapter 20 Final remarks, by Antonella Brozzetti.

In: Springer Nature eBook

Additional Edition: Printed edition: ISBN 9783031452888

Additional Edition: Printed edition: ISBN 9783031452901

Additional Edition: Printed edition: ISBN 9783031452918

Language: English

DOI: 10.1007/978-3-031-45289-5

URL: https://doi.org/10.1007/978-3-031-45289-5

UID:

Format: 265 p , 25 cm

ISBN: 9788866116257

Series Statement: Strumenti e modelli di diritto dell'economia 25

Note: Includes bibliographical references

Language: Italian

UID:

Format: 1 online resource (460 pages)

Edition: 1st ed.

ISBN: 3-031-45289-5

Series Statement: Palgrave Macmillan Studies in Banking and Financial Institutions Series

Note: Intro -- Foreword -- Contents -- Notes on Contributors -- List of Figures -- List of Tables -- 1 Introduction -- 1 Aims and Pillars of the Book -- 2 Structure of the Book -- 3 Looking Ahead -- Part I The European Union -- 2 Intermediaries' Model in Banking and Finance and the Treatment of Fintech in the European Union: A Critical Approach -- 1 Introduction -- 2 The European Model of Intermediation in Bank and Finance Markets -- 3 Fintech and Circumvention of the Intermediaries' Model -- Internet and the Availability of Information -- Binding Two Parts of the Market Through a Sole Intermediary -- The End of Mandatory Intermediaries in the Blockchain System -- 4 Approaches of European Authorities -- Opening New Services and Diminishing the Scope of the Monopoly -- Offering a More Direct Approach Through Exemptions -- Extending Monopolies to New Market and Technics -- 5 Conclusions -- 3 FinTech and Competition Regulatory Concerns in the EU Banking Business Framework -- 1 Introduction -- 2 From the Liberalization Process for Commercial Banks to the project of a Digital Euro -- 3 Price and Non-Price Competition Among Card-Based Payment Systems -- 4 Collecting and Sharing Credit Data -- 5 Conclusions -- 4 Prudential Regulation Policy Responses to Financial Technological Innovations: The Future for Banks and Crypto-Finance? -- 1 Introduction -- 2 New Market Opportunities for Mainstream Commercial Banks in Crypto-Finance? -- The Basel Committee's Prudential Policy for Crypto-Assets -- The Contest of Regulatory Objectives -- What Potential Business Lines in Crypto-Finance for Banks? -- 3 Secured Crypto Lending by Banks? -- Law and Policy Reform for Security Aspects of Crypto Collateral -- Recognition as Financial Collateral -- Reform in Prudential Treatment for Risk Mitigation -- 4 Conclusion. , 5 Digitalizing the Commercial Banking Business Model: Vanishing Bank Branches and the Risks of Financial Exclusion of the Elderly -- 1 Introduction -- 2 Access to Financial Services by the Elderly -- 3 The Risks of Financial Exclusion of the Elderly -- 4 The Current State of EU Law: The Case for Legislative Intervention -- 5 Potential Legislative Strategies -- 6 Conclusion -- 6 The 'Game Changer' in the Euro Area: Banking Union and Commercial Banking -- 1 Introduction -- 2 The Establishment of Banking Union -- 3 The Functioning of an Incomplete Banking Union -- 4 Banking Union at the Test of the Covid Pandemic -- 5 Conclusion -- 7 The Financing of Problem Banks: Critical Issues and Challenges Ahead -- 1 Introduction -- 2 Emergency Liquidity Assistance: Definition and Requirements -- Critical Aspects of ELA and the Rationale for Vesting Central Banks with ELA Functions -- Central Banking in the Euro-Area and ELA Provision in the Banking Union -- The Inconsistencies of the Framework Currently in Place -- 3 Deposit Guarantee Schemes -- DGSs Optional Measures to Prevent a Bank's Failure -- DGSs Optional Measures in the Context of a Bank's Liquidation -- Legal Obstacles to the Implementation of the DGSs' Optional Measures -- 4 Concluding Remarks -- 8 The Review of the EU Bank Crisis Management and Deposit Insurance Framework -- 1 Introduction -- 2 Bank Resolution in the EU and the United States -- 3 Building up MREL Capacity -- 4 Review of the Crisis Management and Deposit Insurance Framework -- 5 Cooperative and Savings Banks -- 6 Why the Completion of the EU Capital Markets Union Matters -- 7 Cooperation Is Key for Success in Resolution Planning -- 8 Concluding Remarks -- 9 Sustainable Commercial Banking in European Union Law: A Renewed Mandate for Commercial Banks? -- 1 Introduction. , 2 Sustainability as an Object of Disclosure: Commercial Banks' Sustainability Reporting -- Commercial Banks Subject to Sustainability Reporting: Towards an Expanded Subjective Scope -- EU Binding Common Reporting Standards and the Limits to Commercial Banks' Sustainability Reporting Discretion -- The Potential of Trusteeship Strategies on the Quality of Commercial Banks' Sustainability Reporting -- 3 Sustainability as an Objective to be Considered (and Pursued?) by Commercial Banks -- The CRD VI Proposal: Inward-looking Sustainability and Directors' Duty of Care in Commercial Banks -- The CSDD Proposal: Outward-looking Sustainability, Directors' Duties and the Emergence of an EU-Wide Corporate Objective for Commercial Banks -- 4 Summary and Concluding Remarks -- 10 Commercial Banks and Competition Concerns-SDG Policy Priorities -- 1 Introduction -- 2 The Ambition and the Struggles: The "How to" Towards Sustainable Commercial Banking -- General Considerations-Internal Challenges -- Specific Challenges with ESG Disclosures and Standardization of Sustainability Reporting-The Multitude of Regulative Sources -- NLB Sustainability Roadmap 2022-2023: Developing a Climate-Conscious Transition Strategy -- 3 Conclusion -- Part II The Anglo-Saxon Systems -- 11 Central Bank Digital Currency and the Agenda of Monetary Devolution -- 1 Introduction -- 2 The Justifications for Creating a CBDC -- 3 The Agenda of Monetary Devolution -- 4 Sovereign Money and the Fragility of Private Money -- Devolution of Monetary Powers as a Response -- 5 The Mechanics -- 6 The Choice at Hand -- 7 Politics in the Origin -- 8 Conclusion -- 12 Open Banking in the UK: A Co-opetition Scenario for Innovation and Evolution in the UK Retail Banking Sector -- 1 Introduction -- 2 Background -- The Problem: CMA Market Investigation -- The Solution: Retail Banking Market Investigation Order 2017. , 3 Open Banking: Co-opetition and Innovation in the UK Retail Banking -- Open Banking -- CMA9 -- Co-opetition and CMA 2017 Order -- Evolution of the UK Retail Banking Sector -- Competition and Changing Market Structure -- Open Banking Technology and Innovation -- Customer Engagement: From Switching to Navigating Ecosystems -- 4 Conclusions: Co-opetition Scenario for Policy-Led Innovation and Evolution in Retail Banking -- 13 Rethinking Crypto-Regulation for Crypto-Investors in the UK -- 1 Introduction -- 2 Defining Crypto-Assets -- 3 The Current UK Regulatory Framework for Crypto-Assets -- 4 Risks to Retail Investors and a Proposal for Protection -- 5 Conclusion -- 14 Cross-Border Recognition of Foreign Resolution Actions: The Statutory Regime in the United Kingdom -- 1 Introduction -- 2 The Rationale for a Statutory Recognition Regime -- The UK Position Before the 2007-2008 Financial Crisis -- The FSB Key Attributes of Effective Resolution Regimes -- Jurisdictional Implementation of FSB Key Attribute 7 -- 3 Circumstances Where Recognition Will Be Granted -- The Definition of "Third-Country Resolution Action" -- "Broadly Comparable": Objectives and Anticipated Results -- 4 Refusal of Recognition (in Whole or in Part) -- Adverse Impact on UK Financial Stability -- Independent Action Is Necessary to Resolve a UK Branch -- Discrimination Against UK Creditors -- Material Fiscal Implications -- Recognition Would Be Contrary to the ECHR -- Exercising Stabilisation Powers to Support a Foreign Resolution -- 5 The Process and Legal Effect of Recognition -- The Time Frame for Taking a Decision -- The Recognition Instrument and Its Effect -- Duty to Give Reasons? -- Challenging a Recognition Decision -- 6 Concluding Remarks -- 15 The Impact of Climate Change on the Economy and Financial System: Legal Aspects of the Bank of England's Response -- 1 Introduction. , 2 The Legal Framework for Combating Climate Change -- The United Nations Framework Convention on Climate Change (the "Convention") -- The Paris Agreement (the "Agreement") -- R (Application of Friends of the Earth Limited and Others) v Heathrow Airport Limited (the "Heathrow Case") -- Climate Change Act 2008 (the "CCA") -- 3 The Relevance of Climate Change to the Bank of England's Remit and the Objectives of Its Statutory Committees -- The Monetary Policy Committee ("MPC") -- The Financial Policy Committee ("FPC") -- The Prudential Regulation Committee ("PRC") -- 4 Actions Taken by the Bank in Response to Climate Change -- Ensuring the Financial System Is Resilient to Climate-Related Financial Risks -- Supporting Firm-Led Collaboration to Enable an Orderly Transition to Net Zero -- Supporting an Orderly Transition to Net-Zero Emissions: Contributing to a Coordinated International Approach to Climate Change -- Demonstrating Best Practice Through Its Own Operations -- 5 Concluding Remarks -- Part III China and South Korea -- 16 Chinese Commercial Banks and Fintech-Competition and Collaboration -- 1 Introduction -- 2 Structural Overview of China's Banking Sector -- 3 Fintech Industry in China -- Mobile Payments -- Money Market Funds -- Online Lending -- 4 Fintech Challenges and China's Big Banks -- 5 Fintech Challenges and Small and Medium-sized Banks (SMBs) -- 6 Concluding Remarks -- 17 Fintech and Banking Reform: A Perspective from China -- 1 Introduction -- 2 Fintech-Driven Banking Reform -- Online Finance -- Electronic Payment -- Offline Banking Business Moved to Online Processing -- Online Loans -- Trade Finance Blockchain Platform -- Trade Finance Blockchain Platform Led by Banking Consortium -- Trade Finance Blockchain Platform Led by Public Sector -- Data Governance in Banks. , 3 The Influence and Reform of Central Bank Digital Currencies in China (e-CNY) to Commercial Banks.

Additional Edition: ISBN 3-031-45288-7

Language: English