Table of Contents
Preface v
Acknowledgments vii
About the Editors ix
Part I Special Addresses 1
Chapter 1 Shared Responsibility for the Regulation of International Banks Daniel K. Tarullo 3
Chapter 2 Post-Crisis Risks and Bank Equity Capital Thomas M. Hoenig 21
Chapter 3 Reputational Risks and Large International Banks Ingo Walter 29
Part II The Cross-Border Banking Landscape 53
Chapter 4 Cross-Border Banking Flows and Organizational Complexity in Financial Conglomerates Linda S. Goldberg 55
Chapter 5 Global Banks: Good or Good-Bye? Thomas F. Huertas 67
Chapter 6 The Future of Large, Internationally Active Banks: Does Scale Define the Winners? Joseph P. Hughes Loretta J. Mester 77
Chapter 7 The International Banking Landscape: Developments, Drivers, and Potential Implications Juan A. Marchetti 97
Part III Banking Activity Trends Following the Financial Crisis: Expansion? Retrenchment? 113
Chapter 8 How Did Foreign Bank Lending Change During the Recent Financial Crisis: An Overview Allen N. Berger Tanakorn Makaew Rima Turk-Ariss 115
Chapter 9 Banking Activity Trends Following the Financial Crisis: Expansion or Retrenchment? Stijn Claessens Neeltje van Horen 125
Chapter 10 Global Banking: Old and New Lessons from Emerging Europe Ralph De Haas 143
Chapter 11 Banks' Love Story with Sovereign Debt: Causes, Consequences, and Policy Alexander Popov 167
Part IV Implications for Supervision and Regulation 185
Chapter 12 Patterns in International Banking and Their Implications for Prudential Policies Ingo Fender Patrick McGuire 187
Chapter 13 Supervision and Regulation: Effects of Global Financial Crisis on Japan and Asia Takatoshi Ito 213
Chapter 14 The Future of Large, Internationally Active Banks: Implications for Supervision and Regulation Anil K. Kashyap 219
Part V Risk Management 229
Chapter 15 At a Crossroad? Regulatory Capital and Operational Risk Dietmar Serbee Michael Alix 231
Chapter 16 The Transmission of Bank Default Risk During the Global Financial Crisis Deniz Anginer Eugenia Cerutti Maria Soledad Martinez Peria 237
Chapter 17 An Overview of Regulatory Stress-Testing and How to Improve It Matt Pritsker 259
Chapter 18 The Role of Foreign Banks in Local Credit Booms Stijn Claessens Neeltje van Horen 273
Part VI Safety Net and Resolution Issues for Large and Cross-Border Banks 293
Chapter 19 Towards a Global Solution for a Global Problem Eva H. G. Hüpkes 295
Chapter 20 Cross-Border Bank Resolution: Recent Developments Ceyla Pazarbasioglu Ross Leckow Barend Jansen Marina Moretti Wottter Bossu Alvaro Pins Elsie Addo Awadzi Marc Dobler Alessandro Gullo Oana Nedelescu Sven Stevenson Oliver Wünsch 313
Part VII Corporate Governance Issues in the New Environment 347
Chapter 21 Corporate Governance and Bank Risk Taking Deniz Anginer Asli Demirgüç-Kunt Harry Huizinga Kebin Ma 349
Chapter 22 Vertical and Horizontal Problems in Financial Regulation and Corporate Governance Jonathan R. Macey Maureen O'Hara 371
Chapter 23 Incentive Compensation and Bank Risk: Insights from Organizational Economics Edward Simpson Prescott 399
Chapter 24 Cultural Failures at Banks: A Review and Possible Solutions Alan Morrison Joel Shapiro 419
Part VIII Policy Discussion: Where to from Here? 429
Chapter 25 Understanding the Future of Banking Scale and Scope Economies, and Fintech Arnoud W. A. Boot 431
Chapter 26 Four Key Factors Affecting the Future of Large, Internationally Active Banks John C. Dugan 451
Chapter 27 The Last Crisis, the Next Crisis, and the Future of Large Banks Phillip Swagel 461
Chapter 28 The Future of Large, Internationally Active Banks Mahmoud Mohieldin 473
