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Banks at Risk

Peter Hoflich

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ISBN 10: 047082719X / ISBN 13: 9780470827192
Published by Wiley John & Sons Jul 2011, 2011
New Condition: Neu
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Neuware - In the wake of the great financial crisis of 2008 the practices of the entire global financial services industry came into question, leading to close scrutiny from all parts of society--the government, the media, and the man on the street. Everyone is re-thinking the best way forward for the financial sector. The stakes are high: should trends in the industry continue and financial innovations allow fallout in the next crisis to grow exponentially, the endgame could be the sort of mutually assured destruction that topples entire economies. Charting the way forward in financial services reform requires a fundamental reappraisal of how things are done in order to avert disaster in the near future. 236 pp. Englisch. Bookseller Inventory # 9780470827192

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Bibliographic Details

Title: Banks at Risk

Publisher: Wiley John & Sons Jul 2011

Publication Date: 2011

Binding: Buch

Book Condition:Neu

About this title

Synopsis:

Ideas on how to reform the financial services industry, from experts on the inside

In the wake of the financial crisis of 2008 the practices of the entire global financial services industry have been called into question. From the government, to the media, to the general public, everyone is re-thinking the way forward for the financial sector, but the stakes are high. Should negative trends in the industry continue and financial innovations allow fallout from the next crisis to grow exponentially, the endgame could be the sort of mutually assured destruction that topples entire economies. Charting the way forward for financial services reform requires a fundamental reappraisal of how things are done in order to avert disaster in the near future, and Banks at Risk: Global Best Practices in an Age of Turbulence explores what the future holds, by talking to experts in the know.

Compiling the insights of ten key figures in the financial services industry—regulators, commercial bankers, risk managers, and infrastructure specialists—who look at both strategic and operational issues in their assessments of how to clean up the industry and move towards a system of properly-managed risk, the book explores exactly what we need to do to prevent another crisis.

Sharing their thoughts for the first time are Liu Mingkang, the Chairman of the China Banking Regulatory Commission; Eric Rosengren, President of the Federal Reserve Bank of Boston; Joel Werkama, Assistant Vice President of the Federal Reserve Bank of Boston; Jane Diplock, former chairperson of the International Organization of Securities Commissions and the former head of New Zealand’s securities commission; Jose Maria Roldan, head of the banking supervision at the Bank of Spain; Jesus Saurina, Director of the Financial Stability Department at the Bank of Spain; Dick Kovacevich, former chairman and CEO of Wells Fargo Bank; Mike Smith, CEO of ANZ Group and former head of HSBC’s Asia Pacific operations; Shan Weijian, Chairman and CEO of Pacific Alliance Group and former senior partner of TPG Capital; Rob Close, former CEO of CLS Group; Tham Ming Soong, Chief Risk Officer at the United Overseas Bank in Singapore; and Tsuyoshi Oyama, former head of the risk assessment division in the international affairs division of the Bank of Japan.

  • Takes a unique look at the problems with the financial services industry and what can be done to fix them
  • Brings together ideas for reform from numerous internationally respected figures working in the industry, many of them writing about their solutions for the first time
  • Offers a remarkable insight into how to build a more sustainable future

Eminently thought provoking, Banks at Risk presents real solutions to reforming the financial services industry, from the men and women who know it best.

From the Back Cover:

The crisis revealed a pressing need for better bank governance and risk management along with enhanced supervision and regulation. The Basel III framework—which substantially strengthens bank capital adequacy and introduces liquidity requirements as well as specific supervisory tools to address systemic risk—was a rapid and decisive response, yet much work remains to be done. Beyond the full, timely and consistent global implementation of Basel III, important issues that need to be addressed include systemically important financial institutions, effective cross-border resolution regimes and shadow banking. Banks at Risk provides unique insights into what went wrong and why. More importantly, it contributes to the ongoing debate on how to mitigate the severity and likelihood of future crises.

Jaime Caruana
General Manager, Bank for International Settlements


This is a timely and comprehensive study of risks facing the global banking industry. The book draws on the expertise of top banking experts: commercial bankers, central bankers, regulators and risk experts from China, Japan, the U.S. and other parts of the world to give the reader a comprehensive view of challenges facing the international banking industry. The contributors clearly set out the challenges facing regulators and market participants in this uncertain environment. One of the most valuable characteristics of this book is the sheer scope of the contributors’ vision. They consider every aspect of the global banking system, its risks and possible solutions for ensuring a more stable environment.

Mark Mobius
Executive Chairman, Templeton Asset Management


Among the plethora of offerings in the wake of the global financial crisis, Banks at Risk is a must-read. This collection of contributions provides a thoughtful tour of the lessons from the crisis with perspectives from regulators, practitioners, and risk managers. While the perspectives are varied, the consistency of several themes is compelling: supervision matters more than regulation; risk is more a characteristic of concentration and excessive risk taking than of size; undercapitalization contributed less to the crisis than did poor management; and the importance of returning to basics in areas such as credit culture and understanding of risks. While these themes are at odds with the direction of current international regulatory reforms, they are not easily dismissed. They are presented by an outstanding group of individuals who are associated with institutions and countries that not only survived the crisis, but are widely regarded as among the most successful survivors. Their views are worth heeding.

Jeff Carmichael
Chief Executive Officer, Promontory Financial Group Australasia
Former Chairman, Australian Prudential Regulation Authority


Banks at Risk is a seminal book for clearly understanding the global financial crisis created by the banks and other financial institutions, for describing the lessons we should have learned; and highlighting the levers to transform the system. It is excellent in extracting the insights from the best in our industry. Most impressive are the introductions by Peter Hoflich to the contributed chapters; from the sharp, concise, and accurate overall analysis of the crisis to the detailed, comprehensive, and referenced settings of his various aspects of our business and industry.

Philippe Paillart
Chairman, OneEmpower and LINK Financial
Former board member of Standard Chartered Bank and Group, Ford Financial, DBS Bank and Bank for the Philippine Islands

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