Goldstein, Morris

Banking's Final Exam

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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
£19.59

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.

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