Book Review: The Law of Corporate Governance in Banks

Abstract

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