About | HeinOnline Law Journal Library | HeinOnline Law Journal Library | HeinOnline
LOG IN
LOG IN

21 J. Banking Reg. 1 (2020)

handle is hein.journals/jlbkrg21 and id is 1 raw text is: Journal of Banking Regulation (2020) 21:1-2 https://doi.org/l 0.1057/s41261-020-00124-2 EDITORIAL U Banking Law Symposium, regulatory responses to the global financial crisis: back to the future or back to the past? In honour of Professor David G. Mayes Rodrigo Olivares-Caminal Dalvinder Singh2 - Geoffrey Wood3 Published online: 22 February 2020 © Springer Nature Limited 2020 The Banking Symposium, April 2018, held at the Busi- ness School, University of Auckland, was intended to be a Festschrift in honour of Professor David Mayes' impend- ing retirement. Sadly, David passed away before the event in November 2017 after a short illness. This collection of papers illustrates the range of interests David had in the area of financial stability, banking supervision and bank resolu- tion. The papers in this collection are partway inspired by some of David's own thoughts and writings on the topics. These themes were thoughtfully combined for the event to evaluate some of the reforms introduced after the GFC. David's work will continue to inspire lots of questions in the field of financial stability, bank supervision and bank resolu- tion. David was a very good friend to us all and is missed. His work will continue to influence and shape our thinking. The first paper titled 'Two Stabilities: Friends, Good Friends, or inseparable?' by Forest Capie, Terence Mills and Geoffrey Wood, utilises existing data to argue that monetary and financial stability are symbiotic. Using Britain as a case Dalvinder would like to thank Dr. Nkechikwu Valerie Azinge, Lecturer in Law, University of Lincoln for valuable research assistance. Dalvinder Singh Dalvinder.Singh@warwick.ac.uk Rodrigo Olivares-Caminal r.olivares-caminal@qmul.ac.uk Geoffrey Wood geoffrey.wood@buckingham.ac.uk Centre for Commercial Law Studies, Queen Mary University of London, 67-69 Lincoln's Inn Fields, London WC2A 3JB, UK 2 School of Law, University of Warwick, Gibbet Hill Road, Coventry CV4 7AL, UK 3 Economics and International Studies, University of Buckingham, Hunter Street, Buckingham MK18 lEG, UK study, they illustrate that given its effects on banks' balance sheet, monetary stability promotes financial stability. Con- versely, financial stability, by stabilising components of the money multiplier, facilitates the attainment of monetary sta- bility. The authors, however, recognise that their findings are limited to their use of the words 'financial stability' in a tra- ditional sense and observe that using it in another sense may lead to varying findings. Dirk Schoenmaker, in his paper titled 'Trans-Tasman Cooperation in Banking Supervision and Resolution' considers whether there is an increased need for banking supervision and resolution in light of the emergence of international banks. Schoenmaker's paper uses the financial trilemma model to explore the options for cooperation between the Australian and New Zealand banking authorities in supervision and resolution given their varying regulatory approaches. It concludes that, to main- tain financial stability, supervisors and resolution authori- ties from home and host countries would need to cooperate, particularly when banks experience problems. Consequently, it proposes the institution of a bilateral treaty for the super- vision of the big four Australian banks and joint resolution based on burden sharing between the Australian and New Zealand government. This proposal is considered a stronger alternative to the current crisis resolution framework. Ross Buckley, Douglas Arner and Dirk Zetzsche and Rolf Weber, in their paper, 'The Road to RegTech: The (Astonishing) Example of the European Union' contend that whilst the EU's financial technological advancement and regulation was uncoordinated, it presents a roadmap for other coun- tries to impose coordinated legal and regulatory approaches on finance, data and their interaction. It argues that the advancement of synchronised systems of data, finance and technology has occasioned the increasing use of technol- ogy for compliance, monitoring, enforcement and systems designs. Consequently, it suggests that RegTech will pose regulatory and supervisory challenges but also opportunities for improvement. Eva Hupkes, in the paper 'Resolution (R) *

What Is HeinOnline?

HeinOnline is a subscription-based resource containing thousands of academic and legal journals from inception; complete coverage of government documents such as U.S. Statutes at Large, U.S. Code, Federal Register, Code of Federal Regulations, U.S. Reports, and much more. Documents are image-based, fully searchable PDFs with the authority of print combined with the accessibility of a user-friendly and powerful database. For more information, request a quote or trial for your organization below.



Short-term subscription options include 24 hours, 48 hours, or 1 week to HeinOnline.

Purchase Access

Contact us for annual subscription options:

Contact Us

Already a HeinOnline Subscriber?

Log In

profiles profiles most