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A Political Economy of Banking Supervision

Missing a Chance

  • Damir Odak
Book

Table of contents

  1. Front Matter
    Pages i-xii
  2. Damir Odak
    Pages 1-13
  3. Damir Odak
    Pages 15-24
  4. Damir Odak
    Pages 39-47
  5. Damir Odak
    Pages 59-71
  6. Damir Odak
    Pages 73-78
  7. Damir Odak
    Pages 79-90
  8. Damir Odak
    Pages 91-104
  9. Damir Odak
    Pages 105-114
  10. Damir Odak
    Pages 115-126
  11. Damir Odak
    Pages 127-144
  12. Damir Odak
    Pages 145-181

About this book

Introduction

This book examines the effect of banking on the real economy and society, focusing on banking supervision as the decisive factor in steering banking activities and determining the social outcome of the game of finance. 

Banking is like a cardiovascular system for our society. If it functions correctly, it allows the economy to operate smoothly. On the other hand, if it malfunctions it becomes a doomsday device. This creates an asymmetry of risks – the asymmetry between the potential dire consequences and the modest rewards of accepting those risks. 

Banking was one of the critical technological factors enabling the transition from the middle ages and the creation of modern society. However, while today it contributes little to economic growth, its malfunction has a profound and lasting adverse impact.

The book explains why, how and what. Why is it important to keep tight supervision of the banks? How can banking supervision improve stability, not only of the financial system but also of the whole human society? What went wrong with the regulation in the past?  

Keywords

Regulation Financial crises Risk management IRB Internal risk based SSM Single supervisory mechanism IFRS International financial reporting standards Banking resolution Financial stability

Authors and affiliations

  • Damir Odak
    • 1
  1. 1.ZadarCroatia

Bibliographic information

Industry Sectors
Finance, Business & Banking