Banks: Regulation and Corporate Governance Framework

Corporate Ownership & Control, Vol. 5, No. 2, 2008

19 Pages Posted: 17 Jan 2008 Last revised: 16 Apr 2008

See all articles by Maria Cristina Ungureanu

Maria Cristina Ungureanu

Sodali; Genoa Centre for Law and Finance, University of Genoa; European Corporate Governance Institute (ECGI)

Abstract

The banking sector is somewhat unique because it is simultaneously consolidating and diversifying. Banks' major role in stabilising the financial systems of countries and in spurring their economic growth explains the particularities of their own corporate governance. The specificity of banks, the volatility of financial markets, increased competition and diversification expose banks to risks and challenges. The banking industry is heavily regulated and supervised in every country around the globe. This, in turn, establishes a particular corporate governance system. The paper lays out the specific attributes of banks that influence their regulatory and supervisory environment, which creates a unique corporate governance framework for the banking industry. The paper emphasises the benefits and limits of regulations and supervision on banks' corporate governance and focuses its empirical results on the European Union countries.

Keywords: Banking, Banks, Supervision, Regulation, Corporate Governance, Market discipline, Basel framework

JEL Classification: G38, K20, G21

Suggested Citation

Ungureanu, Maria Cristina, Banks: Regulation and Corporate Governance Framework. Corporate Ownership & Control, Vol. 5, No. 2, 2008. Available at SSRN: https://ssrn.com/abstract=1084042

Maria Cristina Ungureanu (Contact Author)

Sodali ( email )

9 West 57th Street
26th Floor
New York, NY 10019
United States

Genoa Centre for Law and Finance, University of Genoa ( email )

Genova
Italy

HOME PAGE: http://www.clfge.org

European Corporate Governance Institute (ECGI) ( email )

c/o ECARES ULB CP 114
Brussels, B-1050
Belgium

HOME PAGE: http://www.ecgi.org

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