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UID:

Umfang: 1 online resource (427 pages)

Ausgabe: 1st ed. 2024.

ISBN: 9783031599484

Serie: Palgrave Macmillan Studies in Banking and Financial Institutions,

Inhalt: "The book provides a multi-jurisdictional legal analysis of the regulation of bank-based financial conglomerates. Though clearly anchored in the law, Marcelo Sheppard feels at ease when navigating through history, philosophy, politics and economics. This methodological approach together with the substantive analysis of the subject matter - the examination of the regulatory and corporate structure of a particular type of financial conglomerates, those that have a strong international presence and are bank-based - explain why the book is a distinct contribution to the literature on bank regulation, resolution and governance and why it is destined to become an essential reference for academics, practitioners and policy-makers and for all those that have an interest in financial regulation, business organization and cross-border resolution." -Rosa María Lastra, Sir John Lubbock Chair in Banking Law at the Centre for Commercial Law Studies (CCLS), Queen Mary University of London "After the collapse of Lehman Brothers and what is now known as the Great Financial Crisis, the world focused on how to prevent and reduce the severity of future banking crises, ensuring that the taxpayer does not have to bear the price. In doing so, part of the focus has been on international banking groups, especially those with a strong international component and operating across more than one financial industry (i.e., banking, insurance and/or securities), to make sure that they are "resolvable". This is why Dr. Sheppard's book is so important and topical and is the latest contribution to the analysis of bank-based financial conglomerates." -Rodrigo Olivares-Caminal, Professor of Banking and Finance Law, Queen Mary University of London Marcelo J. Sheppard Gelsi is a Professor of Commercial Law at the Universidad de Montevideo and the Academic Director of the Masters Programme at the Universidad de Montevideo Law School. He is the Legal Secretary of the Sovereign Debt Forum (SDF) in London, where he collaborates on training programmes for the World Bank and the International Monetary Fund. He has been a Teaching Associate of the Regulation of Financial Markets, and European Monetary Law at the Centre for Commercial Law Studies (CCLS), Queen Mary University of London (Banking and Finance LLM Modules). Before entering academia, he worked as a lawyer at an international legal service provider and at two international law firms.

Anmerkung: CHAPTER 1. INTRODUCTION -- CHAPTER 2. CONCEPTUAL FRAMEWORK -- CHAPTER 3: GERMAN MODEL -- CHAPTER 4. BRITISH MODEL -- CHAPTER 5. US MODEL -- CHAPTER 6. RESOLUTION OF BBFCs -- CHAPTER 7- CONCLUDING REMARKS -- ANNEX 1 Case Studies: Deutsche Bank, Credit Agricole, Barclays, Citi, and Santander.

Weitere Ausg.: Print version: Sheppard Gelsi, Marcelo J. Corporate Structure and Banking Resolution Cham : Springer International Publishing AG,c2024 ISBN 9783031599477

Sprache: Englisch

DOI: 10.1007/978-3-031-59948-4

URL: https://doi.org/10.1007/978-3-031-59948-4

URL: Volltext  (URL des Erstveröffentlichers)

UID:

Umfang: 1 online resource (427 pages)

Ausgabe: 1st ed.

ISBN: 9783031599484

Serie: Palgrave Macmillan Studies in Banking and Financial Institutions Series

Anmerkung: Intro -- Foreword by Professor Rosa M. Lastra -- Foreword by Professor Rodrigo Olivares-Caminal -- Preface -- Acknowledgements -- About This Book -- List of Cases -- List of Legislation -- Contents -- Abbreviations -- List of Figures -- List of Tables -- 1 Introduction -- 1.1 The Aim of the Book -- 1.2 Structure of the Book -- 2 Conceptual Framework -- 2.1 What Is a Bank? -- List Approach -- Formula Approach -- A Third Approach -- 2.2 Are Banks Special? -- Maturity Mismatch, the "Mary Poppins Effect" and Transaction Accounts -- Payment System -- Monetary Policy Transmission Mechanism -- Monitor Function -- Provision of Central Bank Facilities, Regulation and Supervision -- A Case for lex specialis for Banks -- 2.3 Triple Classification -- Commercial Classification -- What Is a Banking Group? -- What Is a Financial Conglomerate? -- What Is a Mixed Conglomerate? -- Structural Classification Organizational Structures of FCs -- Complete Integration or German Model -- Bank Parent, Non-bank Subsidiaries or British Model -- Holding Company Model: The US Model -- Holding Company Parent, Complete Operational Separateness -- Assessment of the Structural Classification -- Regulatory Classification -- SIFIs -- What Is a G-SIB? -- What Is a G-SII? -- What Is a NBNI G-SIFI? -- What Is a Domestically Important Financial Institution? -- Assessment of the Regulatory Classification -- 2.4 Summary -- 2.5 Concluding Remarks -- 3 German Model -- 3.1 Complete Integration or German Model -- Definition of Universal Banking -- Historical and Philosophical Foundations of Universal Banking -- Saint Simon and the Philosophical Foundations of Universal Banking -- Universal Banking and Germany's Economic Development -- Germany and the Evolution of Capital Markets -- Benefits and Costs of Universal Banking -- Benefits of Universal Banking from the Perspective of the Bank. , Costs of Universal Banking from the Perspective of Public Policy -- Costs from the Perspective of the Bank Itself: Organizational Costs -- 3.2 German Banking System -- The Three Pillar Structure -- 3.3 Concluding Remarks -- 4 British Model -- 4.1 British Model -- A Specialized System That Evolved into Universal Banking -- A Self-Regulated Industry -- Banks and Industrial Finance -- A Banking System Shaped by the City of London -- 4.2 UK Banking System -- Banks -- What Is a Bank? -- Clearing Banks: The Big Four -- Foreign Banks -- British Multinational or Overseas Banking -- Credit Unions -- Building Societies -- Investment Banks -- Ring-Fencing -- 4.3 Concluding Remarks -- 5 US Model -- 5.1 The US Model -- Historical and Philosophical Foundations of the US Banking System -- Federalism in America -- Branching and Unit Banking -- Benefits and Costs of Unit Banks -- A Reaction to Unit Banks: Chain and Group Banking and Bank Holding Companies -- The US and the Evolution of Capital Markets. The Inability of the Unit Banking System to Finance the Industry -- Bank Holding Company Regulation -- 5.2 US Banking System -- What Is the "Business of Banking"? -- What is a Bank? -- Commercial Banks -- Commercial Bank Subsidiaries -- Thrifts -- Credit Unions -- Other Non-bank Institutions According to the BHCA -- US Regulation of International Banking -- How FCs in the US Structure Themselves -- 5.3 Concluding Remarks -- 6 Resolution of BBFCs -- 6.1 Resolution Planning Frameworks -- 6.2 Resolution of a BBFCs -- First Indicator: Branches or Subsidiaries -- Second Indicator: Centralized or Decentralized Type of Bank -- Third Indicator: Retail vs Non-retail Banking -- Fourth Indicator: Territorial or Universal Approach to Resolution -- Concurrence of the Four Factors -- The Special Case of Resolution of Insurance Companies. , 6.3 Single Point of Entry and Multiple Point of Entry Strategy -- Advantages of SPOE Strategy -- Disadvantages of SPOE Strategy -- Advantages of MPOE Strategy -- Disadvantages of MPOE Strategy -- 6.4 Which Resolution Strategy Best Fits the German Model Conglomerate? -- 6.5 Which Resolution Strategy Best Fits the British Model? -- 6.6 Which Resolution Strategy Best Fits the US Model? -- 6.7 Concluding Remarks -- 7 Concluding Remarks -- 7.1 The Definition of Financial Conglomerate Is Contentious -- 7.2 What Are the Philosophical Foundations of Each Model? Did the Banking Systems Finance the Industry? What Type of Capitalism Did They Represent? -- 7.3 How BBFCs Are Legally Organized in Each Jurisdiction? -- 7.4 Which Resolution Strategy Best Fits Each Model? -- ANNEX 1: Case Studies: Deutsche Bank, Credit Agricole, Barclays, Citi and Santander -- Case Study: Deutsche Bank -- Deutsche Bank History -- Deutsche Bank Group -- DB as "House Bank" -- Deutsche Bank and Insurance -- Investment Banking Business Model -- Recovery and Resolution Planning -- Case Study: Crédit Agricole -- Universal Banking in France -- Bancassurance -- Models of Bancassurance -- Drivers of Bancassurance -- Mutual or Cooperative Banks -- The Case of Crédit Agricole -- Resolution of Crédit Agricole -- Concluding Remarks -- Case Study: Barclays -- Barclays History -- Barclays Insurance -- Barclays Investment banking -- Resolution Planning -- Citibank Case -- Historical Overview -- Citi Resolution Planning -- Banco Santander Case -- A Retail Bank "Subsidiary Governance Model" -- Banco Santander Resolution Strategy -- Bibliography -- Index.

Weitere Ausg.: Print version: Sheppard Gelsi, Marcelo J. Corporate Structure and Banking Resolution Cham : Springer International Publishing AG,c2024 ISBN 9783031599477

Sprache: Englisch