TY  - BOOK
AU  - Lybeck,Johan A.
TI  - The future of financial regulation: who should pay for the failure of American and European banks? 
SN  - 9781316227282 (ebook)
AV  - HG181 .L93 2016
U1  - 332.1094 23
PY  - 2016///
CY  - Cambridge
PB  - Cambridge University Press
KW  - Financial services industry
KW  - United States
KW  - Great Britain
KW  - Law and legislation
KW  - Banks and banking
N1  - Title from publisher's bibliographic system (viewed on 05 Feb 2016)
N2  - A number of changes have been made to the supervision and regulation of banks as a result of the recent financial meltdown. Some are for the better, such as the Basel III rules for increasing the quality and quantity of capital in banks, but legal changes on both sides of the Atlantic now make it much more difficult to resolve failing banks by means of taxpayer funded bail-outs and could hinder bank resolution in future financial crises. In this book, Johan A. Lybeck uses case studies from Europe and the United States to examine and grade a number of bank resolutions in the last financial crisis and establish which were successful, which failed, and why. Using in-depth analysis of recent legislation, he explains how a bank resolution can be successful, and emphasizes the need for taxpayer-funded bail-outs to create a viable banking system that will promote economic and financial stability
UR  - https://doi.org/10.1017/CBO9781316227282
ER  -