Global Bank Regulation Principles and Policies
This book examines the principles, policy, and law relating to the regulation of international banking. Other regulation textbooks focus on the laws and regulations of one particular country, be it the United States or Britain or some other important banking center. This approach is understandable, since regulations have traditionally been made and applied at the national level. Nonetheless, during the past 30 years, financial systems, markets, and institutions turned global. Each of the leading international banks now operates in dozens of countries and is therefore subject to oversight by dozens of regulatory agencies. Nationally based regulators, in the most developed and in developing countries, have adapted to the new realities of the global financial system through new forms of cooperation and coordination, with international standard-setting bodies forming the core of this response. We believe these developments are fundamental to the understanding and teaching of bank regulation
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