1st Edition

Reforming the Governance of the Financial Sector

Edited By David G. Mayes, Geoffrey Wood Copyright 2013
320 Pages
by Routledge

320 Pages 6 B/W Illustrations
by Routledge

320 Pages 6 B/W Illustrations
by Routledge

Many financial institutions have in recent years failed – failed either completely, and gone into bankruptcy, or failed in the sense that they have not achieved what their owners or their customers expected them to deliver. This has had significant and adverse effects on customers, taxpayers, shareholders, and sometimes management. There has been much discussion of what should be done about this,... Read more

1. Introduction David G. Mayes and Geoffrey Wood  2. Fundamental Problems with the Governance of the Financial Sector Bruce Sheppard  3. The Poor Performance of Compulsory Saving in Australia: Superannuation and Corporate Governance Christine Brown and Deborah Ralston  4. Best Practice Corporate Governance? The Failure of Bridgecorp Finance Ltd. William Wilson, Laurence Rose and John Pinfold  5. Bank Governance: What Do We Know, and What Should We Do? Kevin Davis  6. Moral Hazard, Bank Governance and the Protection of Depositors David G Mayes, with comments by Geof Mortlock  7. Efficiency, Stability, and Integrity in the Financial Sector: The Role of Governance and Regulation Geoffrey Wood  8. The Impact of the Global Financial Crisis on Financial Policy Grant Spencer  9. Creating Policy Stigmas in Financial Governance: The International Monetary Fund and Capital Controls Jeffrey M. Chwieroth  10. Missing the Red Flag Gillian G.H. Garcia  11. Time for a Paradigm Shift in Thinking Jane Diplock  12. Cultural Considerations for Prudential Supervisors Charles Littrell  13. Firm Stability and System Stability: The Regulatory Delusion Geoffrey Wood  14. Surviving the Next Financial Crisis David G. Mayes

Biography

David G. Mayes is BNZ Professor of Finance and Director of the New Zealand Governance Centre and the Europe Institute at the University of Auckland, New Zealand.

Geoffrey Wood is Professor Emeritus of Economics at Cass Business School, City University, UK and Professor Emeritus of Monetary Economics at the University of Buckingham, UK.