Bank Regulation, Risk Management, and Compliance: Theory, Practice, and Key Problem Areas, 1st Edition (Hardback) book cover

Bank Regulation, Risk Management, and Compliance

Theory, Practice, and Key Problem Areas, 1st Edition

By Alexander Dill

Informa Law from Routledge

328 pages

Purchasing Options:$ = USD
Hardback: 9780367367497
pub: 2019-10-22
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Description

Bank Regulation, Risk Management, and Compliance is a concise yet comprehensive treatment of the primary areas of US banking regulation – micro-prudential, macro-prudential, financial consumer protection, and AML/CFT regulation – and their associated risk management and compliance systems. The book’s focus is the US, but its prolific use of standards published by the Basel Committee on Banking Supervision and frequent comparisons with UK and EU versions of US regulation offer a broad perspective on global bank regulation and expectations for internal governance.

The book establishes a conceptual framework that helps readers to understand bank regulators’ expectations for the risk management and compliance functions. Informed by the author’s experience at a major credit rating agency in helping to design and implement a ratings compliance system, it explains how the banking business model, through credit extension and credit intermediation, creates the principal risks that regulation is designed to mitigate: credit, interest rate, market, and operational risk, and more broadly, systemic risk. The book covers, in a single volume, the four areas of bank regulation and supervision and the associated regulatory expectations and firms’ governance systems. Readers desiring to study the subject in a unified manner have needed to separately consult specialized treatments of their areas of interest, resulting in a fragmented grasp of the subject matter. Banking regulation has a cohesive unity due in large part to national authorities’ agreement to follow global standards and to the homogenizing effects of the integrated global financial markets.

The book is designed for legal, risk, and compliance banking professionals; students in law, business and other finance-related graduate programs; and finance professionals generally who want a reference book on bank regulation, risk management, and compliance. It can serve both as a primer for entry-level finance professionals and as a reference guide for seasoned risk and compliance officials, senior management, and regulators and other policymakers. Although the book’s focus is bank regulation, its coverage of corporate governance, risk management, compliance, and management of conflicts of interest in financial institutions has broad application in other financial services sectors.

Table of Contents

List of Abbreviations. List of figures. List of tables. Note about the author. Acknowledgments. Introduction. Part I: Foundations. Chapter 1 The Banking Business Model and Rise of the Financial Conglomerate. Chapter 2 Bank Regulatory Framework and Formation and Conveyance of Regulatory Expectations. Chapter 3 Managing Banks’ Risks Through a Corporate Governance Framework. Part II: Primary Areas of Bank Regulation and Internal Governance. Chapter 4 The Role of Risk Management and Compliance in Micro-Prudential Capital Regulation. Chapter 5 The Role of Risk Management and Compliance in Micro-Prudential Oversight. Chapter 6 The Role of Corporate Governance in Macro-Prudential Regulation of Systemic Risk. Chapter 7 The Capital Solution to Systemic Risk: Risk Management and Compliance Implications. Chapter 8 The Structural Solution to Systemic Risk: Risk Management and Compliance Implications. Chapter 9 The Role of Risk Management and Compliance in Consumer Protection Regulation. Chapter 10 The Role of Risk Management and Compliance in the Payments System: AML/CFT Regulation. Chapter 11 The Future of Bank Regulation, Risk Management, and Compliance

About the Author

Alexander Dill is Lecturer, Financial Mathematics Program at the University of Chicago, and Senior Research Fellow, Institute for Compliance in Financial Markets at the Chicago-Kent College of Law. He is a recognised expert on the financial markets and the regulatory, risk management, and compliance frameworks that apply to them. He worked in the finance industry for nearly 30 years, first in private corporate law practice and subsequently at the US Securities and Exchange Commission and Moody’s Investors Service.

About the Series

Practical Finance and Banking Guides

Practical Finance and Banking Guides

The practical titles in this series provide banking and finance professionals and legal practitioners a with manuals for day-to-day use on key aspects of the banking and finance industry.

Learn more…

Subject Categories

BISAC Subject Codes/Headings:
LAW000000
LAW / General
LAW007000
LAW / Banking
LAW009000
LAW / Business & Financial
LAW051000
LAW / International