Goldstein, Morris
Banking's Final Exam
- ISBN 13:
- 9780881327052
- author:
- Goldstein, Morris
- format:
- Paperback
- publisher:
- Peterson Institute for International Economic
- language:
- English
- Publication Year:
- 2017
- Pages:
- 350
- Dimensions:
- 150 mm X 228 mm
- Genre:
- 22.86 x 14.99 x 2.54 centimetres, Business, Investments & Securities, Banks & Banking,
- Condition:
- New
- Availability:
- Item usually sent within 10 working days
Description
Banking's Final Exam: Stress Testing and Bank-capital Reform
The stress tests administered to large financial institutions have become a cornerstone of banking supervision worldwide. However, one of the world's leading experts on banking regulation argues that these tests suffer from fundamental weaknesses, leading to a false sense of reassurance about the safety and soundness of the banking system.
This book explains why some weaknesses can be corrected within the existing bank-capital regime, while others require bold reforms, including higher minimum capital requirements for the largest and most systemically-important banks. The author presents a compelling case for why these reforms are necessary, despite potential resistance from the banking industry.