Safe to Fail: How Resolution Will Revolutionise Banking - Couverture rigide

Huertas, T.

Couverture rigide

ISBN 10 : 113738364X ISBN 13 : 9781137383648

Editeur : Palgrave Macmillan, 2014

Synopsis

The recent financial crisis has changed the face of banking. The days of taxpayer bailouts are over and we now need a new way ahead - to make banks safe to fail. Academically rigorous but written in an accessible and engaging style, Thomas Huertas' new book is a practical guide to making banks safe to fail. It provides an overview of the global financial system today, with a particular focus on the role of systemically important financial institutions (G-SIFIs) and financial market infrastructures in fostering economic growth and development, before moving on to outline why too big to fail is too costly to continue, how to make banks less likely to fail, and then in the event of failure, how to make banks resolvable, without cost to the taxpayer and the financial markets and global economy as a whole. It includes a thorough discussion of the strategic implications for banks and what banks have to do to meet the challenges currently facing them, and provides a comprehensive review and evaluation of reform agenda, including the impact on banks' business models and on economic growth.It may not be possible to make banks failsafe, but there is every opportunity to make them safe to fail, so that they can be resolved without cost to the taxpayer and without significant disruption to financial markets and the economy at large.

A propos du livre

Présentation de l'éditeur :

Banks are entering a new environment. Regulation and supervision are becoming tougher, so that banks will be less likely to fail. If a bank does fail, bail-in rather than bail-out will be the new resolution regime, so that investors, not taxpayers, bear loss. This shift in responsibility will revolutionize banking. Academically rigorous but written in an accessible and engaging style, this book is a practical guide to making banks safe to fail. It begins with an overview of the global financial system today, with a particular focus on the role of systemically important financial institutions (G-SIFIs) and financial market infrastructures in fostering economic growth and development. It then moves on to outline why too big to fail is too costly to continue, how to make banks less likely to fail, and then in the event of failure, how to make banks resolvable, without cost to the taxpayer and the financial markets and global economy as a whole. Safe to Fail sums up the challenges that banks will face and how they can meet them.

Biographie de l'auteur :

Thomas F. Huertas is Partner in the Financial Services Risk Practice at Ernst and Young, where he advises major financial institutions on risk, regulatory and strategic issues. He was formerly Alternate Chair of the European Banking Authority, a member of the Basel Committee on Banking Supervision and a Member of the Executive Committee at the UK FSA. Prior to joining the FSA, Dr. Huertas held a number of senior positions at a major global bank in North America and Europe. He has written extensively on banking issues, including his book, Crisis: Cause, Containment and Cure published by Palgrave Macmillan.

À propos de cette édition

• Éditeur: Palgrave Macmillan
• Date d'édition: 2014
• ISBN 10: 113738364X
• ISBN 13: 9781137383648
• Reliure: Relié
• Nombre de pages: 230