1st Edition

Banking Regulation of UK and US Financial Markets

By Dalvinder Singh Copyright 2007

    Dalvinder Singh provides an interdisciplinary analysis of the legal aspects of prudential supervision. This gives the reader a broader understanding of the core processes of banking supervision. By using the UK as a case study, a comparison is made with the US to illustrate the different ways of approaching the issues. The author examines the legal as well as the theoretical, economic, political and policy issues that underpin the purpose of prudential supervision, such as corporate governance, enforcement sanctions, the role of external auditors and accountability of financial regulators. These are considered in the context of broad-policy considerations which render prudential supervision necessary, namely financial stability and depositor protection. The book will be of interest to academics, policymakers, regulators and practitioners, and equally will serve specialist undergraduate and postgraduate programmes in law, management and economics which focus on financial regulation.

    Chapter 1 Modernisation of Financial Regulation; Chapter 2 Legal Aspects of Prudential Supervision; Chapter 3 Corporate Governance and Banking Supervision; Chapter 4 Enforcement Powers and Banking Supervision; Chapter 5 The Role of the External Auditor and Skilled Person; Chapter 6 Legal Accountability of Financial Regulators;

    Biography

    Dr Dalvinder Singh, is a Associate Professor of Law at School of Law University of Warwick, Coventry, UK

    'Dr Singh provides the best comparative (UK-US) and interdisciplinary treatment to date of the increasingly complex and globally important topic of prudential supervision of financial bank conglomerates. An invaluable and insightful resource for all practitioners, financial institution executives, policymakers and academics interested in this area.' Joseph J. Norton, University of London (1993-2005). 'Invaluable reading for students in banking and finance who need a clear explanatory map of the legal and regulatory picture for banks in the US and UK. This book makes some interesting comparative analyses too.' Joanna Gray, Newcastle University , UK 'This book should be essential reading for all those with an interest in banking regulation. The author provides an in-depth but highly readable examination of all the major issues.' Andrew Campbell, University of Leeds, UK 'Dr Singh's work is timely and it provides a good analysis of banking regulations of UK and US financial markets. His style of writing is commendable and the work contains a good analysis of issues on a comparative basis, which would benefit the reader. It is a work that should be easily understood by any reader.' Journal of International Banking Law and Regulation 'Dalvinder Singh provides an outstanding study of bank regulation, which is exceptionally informative and highly accessible. The work will be a leading reference point for anyone involved in the work/or study of the banking sector in the US and UK.' Journal of Banking Regulation 'Overall, the book provides the reader with a very well written, detailed, logically constructed and at times extremely fascinating overview of the law and regulation of the financial services sector in the UK and US. Readers of the text will clearly benefit from its precise structure, impressive layout and detailed commentary of relevant UK and US statutory provisions. Furthermore, the book provides the reader with a detailed list of references to enable