Full Description
The book investigates commercial banking, covering the European framework, the Anglo-Saxon systems, and the Asian area in a comparative approach in trying to answer the following questions: Which is the commercial banking business model of the future? What do we expect a bank to be and to do in the new economic and social reality? How might banking supervision over commercial banks as well as market competition change? The book showcases how three factors or driving forces influence the future of commercial banking: i) fintech innovations (such as artificial intelligence, cryptocurrencies, blockchain, algorithmic trading, machine learning and electronic payments, to name a few), ii) covid-19 measures, and iii) SDG policy priorities. Geared toward academics, scholars and students of banking and financial services, the book will explore how these three factors have different weight in the different legal contexts.
Chapter 11 is licensed under the terms of the Creative Commons Attribution 4.0 International License.
Contents
Foreward, by Vittorio Santoro.- Chapter 1 Introduction, by the Editors.- Part I "The EUROPEAN UNION".- Chapter 2Intermediaries' model in banking and finance and the treatment of fintech in the European Union: a critical approach, by Patrick Barban.- Chapter 3 FinTech and competition regulatory concerns in the EU banking business framework, by Gabriella Gimigliano.- Chapter 4 Prudential regulation policy responses to financial technological innovations: the future for banks and crypto-finance?, by Iris H-Y Chiu.- Chapter 5 Digitalizing the commercial bank business model: vanishing brank branches and the risk of financial exclusion of the elderly, by Anne-Christine Mittwoch, Anne-Marie Weber, Weronika Herbert-Homenda, and Weronika Stefaniuk.- Chapter 6 The "game changer" in the euro area: Banking Union and commercial banking, by Lucia Quaglia.- Chapter 7The financing of problem banks: critical issues and challenges ahead, by Marco Bodellini.- Chapter 8 The review of the EU bank crisis management and deposit insurance framework, by Johannes Langthaler.- Chapter 9 Sustainable commercial banking in European Union Law: a renewed mandate for commercial banks?, by Pablo Iglesias Rodriguez.- Chapter 10 Commercial banks and competition concerns - SDG policy priorities, by Lela Mélon and Alenka Recelj Mercina.- Part II "The Anglo-Saxon SYSTEMS".- Chapter 11 Central Bank Digital Currency and the Agenda of monetary devolution, by Leonidas Zelmanovitz and Bruno Meyerhol Salama.- Chapter 12 Open banking in the UK: a co-opetition scenario for innovation and evolution in the UK retail banking sector, by Nikita Divissenko.- Chapter 13 Rethinking crypto-regulation for crypto-investors in the UK, by Joy Malala and Folashade Adeyemo.- Chapter 14 Cross-border recognition of foreign resolution actions: the statutory regime in the United Kingdom, by Shalina Daved, Clare Merrified & Michael Salib.- Chapter 15 The impact of climate change on the economy and financial system: legal aspects of the Bank of England's response, by Jack Parker and Ann Corrigan.- Part III "CHINA AND SOUTH KOREA".- Chapter 16 Chinese commercial banks and fintech-competition and collaboration, by Ding Chen.- Chapter 17 Fintech and banking reform: a perspective from China, by Wang Feimin, Xu Duoqi, and Cheng Xuejn.- Chapter 18 Prudential regulation of the banking-like business of fintech companies in China, by Yangguang Xu and Zhirou Li.- Chapter 19 Recent changes and prospects of banking services regulations and supervision in Korea, by Sung-Seung Yun and GiJin Yan.- Part IV "Looking ahead".- Chapter 20 Final remarks, by Antonella Brozzetti.
