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19 J. Banking Reg. 1 (2018)

handle is hein.journals/jlbkrg19 and id is 1 raw text is: J Bank Regul (2018) 19:1-3
https://doi.org/10.1057/s41261-018-0063-6

'Multinational banking': capturing the benefits and avoiding
the pitfalls
John Raymond LaBrossel - Rodrigo Olivares-Caminal2     Dalvinder Singh3
© Macmillan Publishers Ltd., part of Springer Nature 2018

The fourth Banking Law Symposium was held at Queen
Mary University of London on the 9-10 September 2015.
The symposium explored a wide range of issues post the
global financial crisis from macroprudential to micropru-
dential issues. On the first day, Charles Goodhart (London
School of Economics), in a keynote speech, discussed the
linkages between macroprudential and microprudential
supervision, and Rosa M. Lastra (Queen Mary University
of London) addressed about the difficulties in identifying
and containing systemic risk. This was followed by Chiara
Zilioli (European Central Bank) analysing the legal insti-
tutional structure of the Single Supervision Mechanism and
David Walker (Canada Deposit Insurance Corporation)
discussing key policy initiatives and implications regarding
cross-border cooperation and crisis preparedness. On the
second day, a keynote speech by Charles Randell (Pru-
dential Regulation Authority, Bank of England) explored
the role of directors of financial institutions while, lain
MacNeil (University of Glasgow) and Costanza Russo
(Queen Mary University of London), examined codes of
conduct in the banking sector. This was followed by a
keynote speech by Jean Pierre Sabourin (Malaysia Deposit
Insurance Corporation) discussing the role of deposit
This special issue is dedicated to David G. Mayes and James F.
McCollum.
® Dalvinder Singh
Dalvinder.Singh@warwick.ac.uk
Patterson & LaBrosse Financial Consultants Ltd, Ottawa,
Canada
2  Centre for Commercial Law Studies (CCLS), Queen Mary
University of London, London, UK
3  School of Law, University of Warwick, Coventry, UK

insurers in bank resolutions, and Simon Gleeson (Clifford
Chance) and Emiliano Tornese (European Commission)
delivering speeches on the more technical aspects of capital
requirements. Bob Penn (Allen & Overy LLP) then
explored bank resolution and Jens-Hinrich Binder (Tubin-
gen University) analysed the problems in cross-border
coordination of bank resolution. This was followed by
remarks from Marco Bodellini (University of Bologna),
Laura Kodres (International Monetary Fund) and John
Raymond LaBrosse on the concerns of shadow banking.
Finally, the Hon. Mr Justice Blair (High Court Judge,
Queen's Bench Division) analysed issues associated with
international financial dispute resolution. It should be noted
that some of the papers were included in this special issue
of the Journal of Banking Regulation.
Maria J. Nieto and Larry D. Wall explore in their paper
entitled, 'Cross-border banking on the two sides of the
Atlantic: Does it have an impact on bank crisis manage-
ment?', the different responses adopted by the EU and the
USA to the Global Financial Crisis and analyses banking
integration in the USA and the EU and how it has impacted
the response to the crisis. It concludes that although both
the USA and the EU have taken steps which should at the
margin discourage cross-border operations, the barriers to
cross-border banking are likely to fall. Therefore, the EU
should consider what sort of banking structure would
provide the best combination of an integrated financial
system and a financial system in which the banks are nei-
ther too large to supervise nor too large to safely fail.
Giannoula Karamichailidou, David G. Mayes and Hanno
Stremmel in their paper, 'Achieving a balance between the
avoidance of banking problems and their resolution-can
financial cycle dynamics predict bank distress?' consider
how far it is possible to anticipate problems in banks by
using early warning indicators available from published

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