Full Description
This book examines the topical issue of governance of financial institutions, covering banks, investment firms, asset management, pension funds and insurance firms. It comprehensively analyses the impact and practice of the new and more robust requirements for management functions under MiFID II (Markets in Financial Instruments Directive) and other regulation such as MAR (Market Abuse Regulation).
Thematically grouped chapters provide extensive coverage of the main areas of change and interest in this field: financial regulation, models, systemic risk, culture and ethics, and conduct and culture. Each chapter employs an interdisciplinary approach, providing high-quality analysis and discussion of the governance of financial institutions of a practical, as well as theoretical, nature.
Written by a team of expert contributors, comprised of leading scholars with broad practical experience, and leading practitioners in the field of corporate governance, this book provides much needed analysis of this important topic and the new rules for those advising financial institutions.
Contents
I. General
1: Danny Busch, Guido Ferrarini, Gerard Van Solinge: Governing Financial Institutions: Law and Regulation, Conduct and Culture
2: Jens-Hinrich Binder: Corporate Governance of Financial Institutions: In Need of Cross-Sectoral Regulation? A comparative analysis of banks, investment firms, asset managers, and pension funds
3: Arthur van den Hurk and Michele Siri: Comparative Regulation of Corporate Governance in the Insurance Sector
4: Bart Bierens: The Governance of Banks and the Requirement of Resolvability: a Fundamental Change in Perspective?
5: Kitty Lieverse and Claartje Bulten: Comparative Regulation of Corporate Governance in th e Insurance Sector
II. Governance Structures and Regulations
6: Paul Davies and Klaus Hopt: Non-Shareholder Voice in Bank Governance: Board Composition, Performance and Liability
7: Steven Schwarz (Aleaha Jones, and Jiazhen Yan): Responsibility of Directors of Financial Institutions
8: Iris Palm-Steyerberg and Danny Busch: Fit and Proper Requirments in EU Financial Regulation: Towards More Cross-Sectoral Harmonisation?
9: Lodewijk van Setten: Risk, Risk Management, and Internal Controls
10: Paolo Saguato: Financial Market Infrastructures: The Essential Role of Risk Management
11: Guido Ferrarini: Compensation in Financial Institutions: Systemic Risk, Regulation and Proportionality
12: Carmine di Noia and Matteo Gargantini: Corporate Governance, Financial Information and MAR
III. Ownership Structures
13: Cristina Ungureanu: Engagement of Institutional Investors
14: Katja Langenbucher, Johannes Adolff and Christina Skinner: State-owned Financial Institutions
15: Gerard van Solinge and Martin van Olffen: Co-operative Banks: A Dutch Experience
IV. Conduct and Culture
16: Guido Ferrarini and Shanshan Zhu: Corporate Culture in the Governance of Financial Institutions: An Interdisciplinary Approach
17: Wijnand Nuijts: Public Supervision of Behaviour and Culture at Financial Institutions
18: Danny Busch and Peter Laaper: Conduct and Culture in the Netherlands: The Dutch Banker's Oath and the Dutch Banking Disciplinary Committee
19: Antonella Sciarrone Alibrandi and Claudi Frigeni: Managing Conduct Risk: From Rules to Culture
20: Geneviève Helleringer and Christina Skinner: Conflicts of Interest: Comparing Compliance and Culture in the US and UK
21: Paulo Giudici: The Venetian Banks Collapse
22: Maribel Saez and Maria Gutierrez: The Spanish Banking Crisis as a Corporate Governance Problem
23: José Engrácia Antunes: Banco Espírito Santo: Anatomy of Banking Scandal in Portugal
24: Bas de Jong: Governance Problems in Dutch Financial Institutions from 2007 to-2017
