The Routledge Companion to Banking Regulation and Reform

'The complex interplay between financial innovation, risk and regulation escapes the understanding of narrow disciplinary perspectives. These essays provide a rich and determinedly multi-disciplinary approach that offers new theoretical insights that might also help shape future policy and regulatory reform.' - Andrew Leyshon, Professor of Economic Geography, University of Nottingham, UK Ertrk and Gabor have assembled an impressive range of top scholars to explore the global regulatory response to the 2008 financial crisis. They do an immense service to the cause of understanding this complicated event, which still casts a spell over our economies and politics. - Randall Germain, Professor of Political Science, Carleton University, Canada This impressive cutting edge collection of essays stands out both for its breadth of topics and the multi-disciplinary group of heterodox experts to analyze the transformation of banking institutions. Given that governments had to devote an unprecedented ratio of annual GDP to rescuing banks, this comprehensive compendium is not only timely, but fills an important vacuum in understanding the global paradigm shift in banking since the financial crisis. - Brigitte Young, Professor Emeritus of International Political Science, University of Muenster, Germany. 'Readers familiar with the critical study of banking and finance certainly will find the volume a wonderful and handy reference point.' - Daniel Mertens, Goethe University Frankfurt

Ismail Ertrk is Senior Lecturer in Banking at Alliance Manchester Business School, the University of Manchester, UK Daniela Gabor is Associate Professor in Economics at the University of West England, Bristol, UK.

Introduction Part I: Knowledges of Credit Risk and Bank Regulation 1. The Credit Crisis as a Problem in the Sociology of Knowledge (Donald Mackenzie) 2. Whats in a Name? Provident, the Peoples Bank and the Regulation of Brand Identity (Liz Mcfall) 3. Reflexivity of Shadow Banking (Benjamin Wilhelm) 4. Interrogating the Crisis: Financial Instruments, Public Policy and Corporate Governance (Hugh Willmott) Part II: Critical Perspectives on Financial Innovation 5. Reconceptualising Financial Innovation: Frame, Conjuncture and Bricolage (E. Engelen, I. Ertrk, A. Leaver, J. Froud and K. Williams) 6. Europe's Toxic Twins: Government Debt In Financialised Times (Daniela Gabor and Cornel Ban) 7. Variegated Geographies of Finance: International Financial Centres and the (Re)Production of Financial Working Cultures (Sarah Hall) 8. The Boundaries of Finance as Zones of Conflicts (Sabine Montagne) Part III: New Approaches to Banking, Risk and Central Bank Role in the Eurozone 9. The New Behemoth?: The ECB and the Financial Supervision Reforms During the Eurozone Crisis (Clment Fontan) 10. Varieties of Capitalism and Banking in the EU (Iain Hardie) 11. The Financialisation of Local Governments: Evidence from the Italian Case (Andrea Lagna) Part IV: Regulation of Misconduct in Banking 12. Libor and Euribor: From Normal Banking Practice to Manipulation to the Potential Reform (Daniel Seabra Lopes) 13. Hedge Funds: Past and Present (Photis Lysandrou) 14. Offshore Financial Centres and Tax Evasion in Banking (Silke tsch and Michaela Schmidt) Part V: Limits of Post-Crisis Bank Regulation 15. Post-Crisis Bank Regulation and Financialised Bank Business Models (Ian Crowther and Ismail Ertrk) 16. Financial Market Regulation: Still a Regime Removed From Politics (Nicholas Dorn) 17. Prudential Regulation in the Age of Internal Models (Jos Gabilondo) 18. Defences Against Systemic Risk: A Greater Role and Responsibility for Bank Lawyers?: Judgement Based Bank Supervision (Joanna Gray and Peter Metzing) 19. Shattering Glass-Steagall: The Power of Financial Industries to Overcome Restraints (Paul M. Hirsch, Jo-Ellen Pozner and Mary Katherine Stimmler) Part VI: Dysfunctional Global Finance and Banking Reform 20. How Finance Globalized: A Tail of Two Cities (Gary A. Dymski and A. Kaltenbrunner) 21. How the American Financial Meltdown of 2008 Caused the Global Financial Crisis (Neil Fligstein and Jacob Habinek) 22. Reforming the Culture of Banking (Grahame Thompson) 23. Consumer Finance and the Social Dimension of Banks in a Global Economy (Toni Williams)