Bank Politics: Structural Reform in Comparative Perspective 1st Edition David Howarth

Bank Politics: Structural Reform in Comparative Perspective – Ebook Instant Download/Delivery ISBN(s): 9780192898609,0192898604

Product details:

• ISBN-10 ‏ : ‎ 0192898604
• ISBN-13 ‏ : ‎ 978-0192898609
• Author(s): David Howarth, Scott James

The problem of banks being ‘too big to fail’ was the defining regulatory issue of the global financial crisis. However, attempts to tackle the problem by separating retail banking from higher risk trading activities – known as structural reform – proved to be highly divisive and contributed to significant regulatory divergence. In this book, David Howarth and Scott James explain this variation by examining the politics of bank structural reform across six key jurisdictions: the United States, the European Union, the United Kingdom, France, Germany, and the Netherlands. Integrating political economy and public policy approaches, they develop a novel ‘comparative financial power’ framework to analyse how financial industry influence is mediated by two factors: first, whether bank lobbying is unified and centralized (cooperative financial power) or divided and fragmented (competitive financial power); and second, policy makers’ use of venue shifting to depoliticize contentious policy issues.

Table contents:

1 Introduction: The Puzzle of Bank Structural Reform
2 A Comparative Financial Power Approach
3 Failing to Tame Too-Big-To-Fail Banks
4 From Obama to Trump: Contested Reform in the United States
5 The Importance of Being Vickers: Venue Shifting in the United Kingdom
6 Germany: Defending Deutsche Bank AG
7 France: Defending the National Champions
8 The Netherlands: Shifting Structural Reform Off the Agenda
9 Liikanen’s Legacy: Financial Power and Political Stalemate in the European Union
10 Conclusion: Contribution and Future Research
References
Index

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