This book examines the area of financial regulation in the banking sector. Editors Mayes and Wood bring together such acadmics as Charles Goodhart, Charles Calomiris and Kern Alexander whose expertise shines through this volume to provide a reference tool for researchers, students and bankers themselves which will prove invaluable.
1. Introduction
2. Financial Supervision from an Historical Perspective: Was the Development of Such Supervision Designed or Largely Accidental?
3. Some Historical Perspective on Financial Regulation
4. Bank Regulations and Money Laundering
5. Governing the Corporation: Transcending Compliance in an Age of Scandal
6. Multiple Regulators and Insolvency Regimes: Obstacles to Efficient Supervision and Resolution
7. Institutional Allocation of Bank Regulation: A Review
8. Agency Problems in the Design of Bank Regulatory and Supervisory Structures: The Case of EMU
9. Cross-Border Issues in European Financial Supervision
10. Regulating Cross-Border Retail Payment Systems: A Network Industry Problem
11. Payment System Developments: Their Dependence on Competition, Cooperation, Incentives and Authority Action
12. Competition and the Rationalization of European Securities: Clearing and Settlement
13. Links Between Securities Settlement Systems: An Oligopoly Theoretic Approach
David Mayes, Geoffrey E. Wood