  | Book Details Title: The Oxford Handbook of Banking (Oxford Handbooks) |
Book DescriptionReview “Carefully researched and clearly written, this Handbook has become regarded as well-nigh indispensable in enhancing an understanding of banking and the banking industry among a wide readership, which includes academics, legal practitioners and indeed anyone involved professionally with the financial sector.” — Phillip Taylor MBE, Head of Chambers, and Elizabeth Taylor, Richmond Green Chamber Read more About the Author Allen N. Berger, H. Montague Osteen, Jr. Professor in Banking and Finance, Moore School of Business, University of South Carolina, USA,Philip Molyneux, Dean, College of Business Administration, University of Sharjah, United Arab Emirates,John O.S. Wilson, Professor of Banking and Finance, School of Management, University of St. AndrewsAllen N. Berger is the H. Montague Osteen, Jr. Professor in Banking and Finance and Ph.D. coordinator of the Finance Department, Darla Moore School of Business; Carolina Distinguished Professor, University of South Carolina; Senior Fellow, Wharton Financial Institutions Center; and Fellow, European Banking Center. He also currently serves on the editorial boards of seven professional finance and economics journals. He is co-author of Bank Liquidity Creation and Financial Crises (Elsevier, 2016) and TARP and other Bank Bailouts and Bail-Ins around the World: Connecting Wall Street, Main Street, and the Financial System (Elsevier, 2019). He has published well over a hundred professional articles, including papers in top finance and economics journals. Philip Molyneux is Dean of the College of Business Administration at the University of Sharjah (in the UAE). His main area of research is on the structure and efficiency of banking markets and he has published widely in this area. Recent publications appear in the Journal of Money, Credit and Banking, Journal of Financial Intermediation, Journal of Banking & Finance and the Review of Finance. He has co-written or edited over thirty five books and is also the series editor of Studies in Banking and Financial Institutions (Palgrave Macmillan). In the past, Philip has acted as a consultant to the New York Federal Reserve Bank, the World Bank, the European Commission, the UK Treasury, Citibank Private Bank, Barclays Wealth, McKinsey, Credit Suisse and various other international banks and consulting firms.John O.S. Wilson is Professor of Banking & Finance and Director of the Centre for Responsible Banking and Finance based at the University of St Andrews. He was the Founding Chair of the British Accounting and Finance Association Financial Markets and Institutions Special Interest Group and has guest edited special issues for the Journal of Corporate Finance, Journal of Banking & Finance, Journal of Economic Behaviour & Organization, European Journal of Finance, Public Money & Management, and the British Accounting Review. In 2018, John delivered evidence on the impact of Brexit on UK small and medium-sized enterprises to the House of Lords EU Internal Markets Committee. He is the author of Banking: A Very Short Introduction (OUP, 2016). Read more Customers Review:THE ROLE OF BANKS IN THE ECONOMY:AN IMPRESSIVE COMPILATION OF KEY RESEARCH OF SPECIAL INTEREST TO THE LEGAL PROFESSIONAn appreciation by Elizabeth Robson Taylor of Richmond Green Chambers and Phillip Taylor MBE, Head of Chambers, Reviews Editor, “The Barrister”, and MediatorNow in a new third edition from the Oxford University Press, ‘The Oxford Handbook of Banking’, has become the definitive — and very accessible — work of reference for anyone connected professionally with banking, which in the UK, contributes mightily not only to a large chunk of the UK economy, but to the economic wellbeing of legions of other economies worldwide.With these thoughts in mind, this is not merely a handbook for bankers. Those lawyers who advise financial services clients will almost certainly view it as a source of insight and information into the intricacies and complexities of this key industry. Note, for example, that in the preface, editors Allen N Berger, Philip Molyneux, and John O. S. Wilson, point out that, for any number of reasons, (many of them linked to the disasters of 2007-2008) —‘banks now have to spend more on regulatory compliance.’They also comment in the book’s introductory chapter that following ‘the worst financial crisis faced since the Great Depression,’ banks have ‘significantly de-risked and now hold more liquidity and capital than in the past.’ The point is also made that ‘tougher capital rules’ for large banks, agreed at the end of 2017, are due for implementation in 2022. Lawyers take note.Over its more than 1,200 pages and thirty-eight chapters, the book provides a formidable repository of the expertise of at least eighty contributors, described as ‘a who’s who of the top researchers in the field.’One of the book’s most fascinating chapters is the one on risk management in banking. As contributors, Linda Allen and Anthony Saunders explain, financial institutions are risk intermediaries. Of necessity, they maintain an ‘inventory of risk’ which must be measured accurately in order to ensure ‘that risk exposure does not threaten the bank’s insolvency’. Reference is made here to the mispricing of risk, which in the case of subprime mortgage securities, emerged as a key factor in precipitating the 2007 credit crisis.In answer to the question of “why do we care?”, the writers refer to the ‘economic wreckage’ generated by said credit crisis and the clear evidence that “systemically important” banks ‘can set off a chain reaction of financial contagion when they become distressed.’ Such is the impact of the banking industry in the wider economy.Carefully researched and clearly written, this Handbook has become regarded as well-nigh indispensable in enhancing an understanding of banking and the banking industry among a wide readership, which includes academics, legal practitioners and indeed anyone involved professionally with the financial sector.The date of publication of this hardback third edition is cited as at 7th November 2019. | |
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