Gleeson on the International Regulation of Banking / Edition 3

by Simon Gleeson

Overview

Financial capital regulation drives almost every aspect of the financial markets, from the structures of financial groups and the way they raise capital to the development of investment structures and financial engineering such as derivatives, securitisations, structured finance, credit derivatives, repos and stock lending.

This new, third edition of the leading guide on the structure of bank financial regulation is invaluable for lawyers and other non-statisticians interested in the regulatory drivers which shape modern financial transactions and techniques. The legal and regulatory principles which underlie the regulations are articulated here in a structured and accessible format without formulae.

Since the publication of the second edition, the final form of the Basel III international regulatory framework for banks has been agreed, and the new edition covers both Basel III and references the first tranche of rulebooks and secondary legislation to ensue as a result. The new edition also covers the new formal bank resolution and recovery regime which came into force in November 2016 requiring UK banks, building societies and the large investment firms to demonstrate minimum requirements for eligible liabilities and own funds. Another key focus of the new edition is bank structural reform. Whilst the implementation of the EU initiative stalled and was ultimately withdrawn, the UK has already implemented its own version which has had, and will continue to have, a significant impact on banking regulation.

Product Details

ISBN-13:	9780198793410
Publisher:	Oxford University Press
Publication date:	10/23/2018
Edition description:	3rd ed.
Pages:	576
Product dimensions:	9.80(w) x 6.80(h) x 1.40(d)

About the Author

Simon Gleeson, Partner, Clifford Chance LLP

Simon Gleeson is a partner at Clifford Chance LLP in London, specialising in banking and financial markets law and regulation, clearing, settlement and derivatives.
Simon's experience includes advising governments, regulators and public bodies as well as banks, investment firms, fund managers and other financial institutions on a wide range of regulatory issues. He is described by all of the major legal directories as one of the world's leading experts in financial services and banking regulation, capital markets and derivatives.

Table of Contents

I THE ELEMENTS OF BANK FINANCIAL SUPERVISION1. Introduction to Banks and Banking2. Why Are Banks Supervised? 3. Basel and International Bank Regulation4. Bank Capital5. Bank Capital Requirements6. Total Loss Absorbing Capital (TLAC)II COMMERCIAL BANKING7. Credit Risk8. The Standardized Approach9. Model Based Approaches to Risk Weighting10. The Internal Ratings Based Approach11. Netting, Collateral, and Credit Risk MitigationIII INVESTMENT BANKING12. The Trading Book13. Trading Book Models14. The Trading Book - Position Risk15. Counterparty Risk in the Trading Book16. Credit Value Adjustment17. Derivatives, Clearing, and Exposures to CCPS18. Securitization and RepackagingIV OTHER RISKS19. Operational Risk Requirements20. Concentration and Large ExposuresV BASEL III REQUIREMENTS21. Liquidity Requirements22. Liquidity Coverage Ratio and Net Stable Funding Ratio23. The Leverage RatioVI BANK GROUP SUPERVISION24. Group Supervision25. Financial Conglomerates26. Cross-Border Supervision of Bank Groups27. Pillar Three-Disclosure Requirements

Editorial Reviews

"a leading guide on the structure of bank financial regulation ... invaluable for lawyers and other non-statisticians interested in the regulatory drivers which shape modern financial transactions and techniques." — Phillip Taylor MBE, Head of Chambers, and Elizabeth Taylor, Richmond Green Chamber

From the Publisher