Governance of International Banking: The Financial Trilemma

Governance of International Banking: The Financial Trilemma

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In the aftermath of the financial crisis, the business model of international banks is under pressure. Regulators across the world are retrenching to national lines by applying restrictions on cross-border banking. Applying game theory, this book develops a model of the financial trilemma to understand the co-ordination failure among regulators. It also provides governance solutions to overcome this co-ordination failure. The goal is to offer a long-term perspective on international banking for regulators and academics. The book combines academic insights and policy issues.The formal legislative process starts with the presentation of a proposal by the European Commission to the council and the European ... For financial supervisory and stability policies, the relevant council is the Ecofin Council, comprising the ministers of economics and finance. ... In a recent report of the Centre for European Policy Research, Allen and coauthors (2011) therefore suggest combining theanbsp;...

Title:Governance of International Banking: The Financial Trilemma
Author:Dirk Schoenmaker
Publisher:Oxford University Press - 2013-03-05


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