Commercial Banking Risk Management Regulation in the Wake of the Fin
This edited collection comprehensively addresses the widespread regulatory challenges uncovered and changes introduced in financial markets following the 2007-2008 crisis, suggesting strategies by which financial institutions can compl
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Weidong Tian
Commercial Banking Risk Management
Weidong Tian Editor
Commercial Banking Risk Management Regulation in the Wake of the Financial Crisis
Editor Weidong Tian University of North Carolina at Charlotte Charlotte, North Carolina, USA
ISBN 978-1-137-59441-9 ISBN 978-1-137-59442-6 (eBook) DOI 10.1057/978-1-137-59442-6 Library of Congress Control Number: 2016961076 © The Editor(s) (if applicable) and The Author(s) 2017 This work is subject to copyright. All rights are solely and exclusively licensed by the Publisher, whether the whole or part of the material is concerned, specifically the rights of translation, reprinting, reuse of illustrations, recitation, broadcasting, reproduction on microfilms or in any other physical way, and transmission or information storage and retrieval, electronic adaptation, computer software, or by similar or dissimilar methodology now known or hereafter developed. The use of general descriptive names, registered names, trademarks, service marks, etc. in this publication does not imply, even in the absence of a specific statement, that such names are exempt from the relevant protective laws and regulations and therefore free for general use. The publisher, the authors and the editors are safe to assume that the advice and information in this book are believed to be true and accurate at the date of publication. Neither the publisher nor the authors or the editors give a warranty, express or implied, with respect to the material contained herein or for any errors or omissions that may have been made. Cover image © PM Images / Getty Printed on acid-free paper This Palgrave Macmillan imprint is published by Springer Nature The registered company is Nature America Inc. New York The registered company address is: 1 New York Plaza, New York, NY 10004, U.S.A.
Preface
One of the most important lessons from the financial crisis of 2007–2008 is that the regulatory supervision of financial institutions, in particular commercial banks, needs a major overhaul. Many regulatory changes have been implemented in the financial market all over the world. For instance, the Dodd-Frank Act has been signed into federal law on July 2010; the Basel Committee has moved to strengthen bank regulations with Basel III from 2009; the Financial Stability Board created after the crisis has imposed frameworks for the identification of systemic risk in the financial sector across the world; and the Volcker Rule has been adopted formally by financial regulators to curb risk-taking by US commercial banks. Financial institutions have to manage all kinds of risk under stringent regulatory pressure and have entered a virtually new era of risk management. This book is designed to provide a comprehensive coverage of all important modern commercial banking risk management topics under the new regulatory requirements, including market risk, counterparty credit risk, liquidity risk, operational risk, fair lending risk, model risk, stress tests, and comprehensive capital analysis and review (CCAR) from a prac
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