1.

Record Nr.

UNINA9910779447303321

Titolo

Reforming the governance of the financial sector / / edited by David G. Mayes and Geoffrey Wood

Pubbl/distr/stampa

Abingdon, Oxon : , : Routledge, , 2013

ISBN

0-203-08454-3

1-283-89446-7

1-136-19234-4

Descrizione fisica

1 online resource (321 p.)

Collana

Routledge international studies in money and banking ; ; 74

Altri autori (Persone)

MayesDavid G

WoodGeoffrey Edward

Disciplina

332.1

Soggetti

Financial institutions - Management

Financial institutions - State supervision

Corporate governance

Financial crises

Lingua di pubblicazione

Inglese

Formato

Materiale a stampa

Livello bibliografico

Monografia

Note generali

Description based upon print version of record.

Nota di bibliografia

Includes bibliographical references and index.

Nota di contenuto

Cover; Title; Copyright Page; Contents; List of figures; List of tables; List of contributors; Preface; Acknowledgements; 1 Introduction; 2 Fundamental problems with the governance of the financial sector; 3 The poor performance of compulsory saving in Australia: superannuation and corporate governance; 4 Best practice corporate governance? The failure of Bridgecorp Finance Ltd; 5 Bank governance: what do we know, what should we do?; 6 Moral hazard, bank governance and the protection of depositors

7 Efficiency, stability, and integrity in the financial sector: the role of governance and regulation8 The impact of the global financial crisis on financial policy; 9 Creating policy stigmas in financial governance: the International Monetary Fund and capital controls; 10 Missing the red flag; 11 Time for a paradigm shift in thinking; 12 Cultural considerations for prudential supervisors; 13 Firm stability and system stability: the regulatory delusion; 14 Surviving the next financial crisis; Index

Sommario/riassunto

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, and some action has been taken. But has it been the right kind of action?Crises of the sort being experienced are low probability but high impact events. This volume, from an international g