Book Review: The Law of Corporate Governance in Banks
10 Pages Posted: 19 Oct 2015 Last revised: 25 Jan 2016
Date Written: October 17, 2015
Corporate governance of banks and financial institutions continues to be one of the most contentious issues discussed since the Great Recession in 2007-2008. The more recent Libor and Forex scandals have only intensified the calls for a better and a more effective regulatory response. The contributions in this book (The Law on Corporate Governance in Banks, by Iris H-Y Chiu and consulting Editor Michael McKee, Edward Elgar Publishing, 2015), 352 pages, hardback, ISBN 978-1-78254-885-0) address this concern from a UK perspective and analyze whether many of the past failures, such as excessive risk-taking and individual misconduct, may be preventable through better corporate behavior and a more effective internal governance of banks.
Keywords: financial crisis, great recession, banks, corporate governance, UK, Europe, director and executive remuneration, criminal sanctions, the Bribary Act
JEL Classification: E42, E44, E58, F36, G15, G21, G24, G32, G34, J33, K21, K22, L14, L20, L21, L22, M14, M41, M51, N20
Suggested Citation: Suggested Citation