Banking Supervision and Systematic Bank Restructuring: An International and Comparative Perspective

This book breathes new life in the legal spheres of banking supervision and systemic bank restructuring, addressing contemporary legal issues in these fields. It also provides a novel study on the jurisprudence of banking. The book contains comprehensive coverage of developments in countries such as the UK (including European Union practices), Norway, Sweden, Finland, Denmark, Russia, Germany, New Zealand, Australia, Latvia, Estonia, Bulgaria, Thailand, the Philippines, Korea, Singapore, Malaysia, Japan, Canada, the USA, Italy, Zambia, and some Latin and South American states. The book notes that in the commercially sophisticated world in which banks increasingly find themselves, the multi-faceted nature of banking business raises a number of complex issues. For example, how do we supervise activities of banks that relate to non-banking financial services? Further, how do we restructure banks engaged in such activities and what is the approach to restructuring the whole banking system if it fails? Is there a specific tool-kit for each of these situations or should we adopt a pragmatic approach of proceeding on a case by case basis? Are legal tools, on their own, sufficient? Or, are accounting and finance tools, such as capital adequacy requirements, financial risk assessments and deposit insurance the solution? And how do we address matters such as