Banking Supervision and Systematic Bank Restructuring: An International and Comparative Perspective [Textbook Binding]

Kenneth Kaoma Mwenda (Author), Kenneth Mwenda (Author)

Book Description

Publication Date: November 1, 2000

This book breathes new life in the legal spheres of banking supervision and systemic bank restructuring, addressing contemporary legal issues in these fields. It also provides a novel study on the jurisprudence of banking. The book contains comprehensive coverage of developments in countries such as the UK (including European Union practices), Norway, Sweden, Finland, Denmark, Russia, Germany, New Zealand, Australia, Latvia, Estonia, Bulgaria, Thailand, the Philippines, Korea, Singapore, Malaysia, Japan, Canada, the USA, Italy, Zambia, and some Latin and South American states. The book notes that in the commercially sophisticated world in which banks increasingly find themselves, the multi-faceted nature of banking business raises a number of complex issues. For example, how do we supervise activities of banks that relate to non-banking financial services? Further, how do we restructure banks engaged in such activities and what is the approach to restructuring the whole banking system if it fails? Is there a specific tool-kit for each of these situations or should we adopt a pragmatic approach of proceeding on a case by case basis? Are legal tools, on their own, sufficient? Or, are accounting and finance tools, such as capital adequacy requirements, financial risk assessments and deposit insurance the solution? And how do we address matters such as

Editorial Reviews

About the Author

Kenneth Kaoma Mwenda LLB, BCL, MBA, PhD, DBA, FCI, FRSA, Rhodes Scholar, Advocate of the High Court for Zambia, formerly Law Lecturer in the University of Warwick (UK), and presently with the World Bank, Washington DC, USA

Product Details

• Textbook Binding: 300 pages
• Publisher: Routledge-Cavendish; 1st edition (November 1, 2000)
• Language: English
• ISBN-10: 1859416136
• ISBN-13: 978-1859416136
• Product Dimensions: 9.3 x 6 x 0.7 inches
• Shipping Weight: 14.1 ounces
• Average Customer Review: 4.0 out of 5 stars  See all reviews (1 customer review)
• Amazon Best Sellers Rank: #4,927,579 in Books (See Top 100 in Books)

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Most Helpful Customer Reviews

2 of 4 people found the following review helpful:

4.0 out of 5 stars Review of Mwenda's Book on Bank Supervision, May 24, 2001

By 

EVELYNNE CHANGE (Maryland, USA) - See all my reviews

This review is from: Banking Supervision and Systematic Bank Restructuring: An International and Comparative Perspective (Textbook Binding)

The spillovers from the crises in emerging financial systems, and their potential to disrupt the financial systems of other economies were widely recognized in the wake of the financial crises in East Asia. In his book, Dr. Mwenda observes that a study conducted by the International Monetary Fund in 1999 found that weak financial institutions, inadequate bank regulation and supervision, and lack of transparency lie at the heart of economic crises in these economies. These experiences have underscored not only the importance of a sound banking sector for micro-economic stability, but also the influence of macroeconomic and structural policies, as well as strong governance and the soundness of any banking system. In a nutshell, these observations are what makes Dr. Mwenda's latest book on Banking Supervision and Systemic Bank Restructuring a must read. Dr. Mwenda states (and I agree with him) that in this book he departs from regurgitating what is already known to introduce a richer novel contribution. This contribution is the suggestion throughout the book of an integrated and interdisciplinary model of effective banking supervision and systemic bank restructuring. Such a model, according to Dr. Mwenda, would utilize and encompass supervisory tools from disciplines such as securities regulation, insurance law and economics since as he argues, in practice, most of these disciplines intertwine. In this book, Dr. Mwenda has attempted to kill two birds with one stone: on the one hand, he has attempted a broad analysis of the issues in systemic bank restructuring, from an international and comparative perspective, and an examination of the possible ways forward. Equally significant, on the other hand, is the specific analysis and study of the state of banking supervision and systemic bank restructuring in less developed economies such as Zambia. Although he handles the issues with the skill and high-level assessment characteristic and reminiscent of a scholar of his knowledge and expertise, this is no easy feat. Throughout the book it is evident that there is a balancing act in the development and analysis of themes. As a result, breadth is at times sacrificed for depth - that is, there is a bit more depth on Zambia - while the international and comparative assessment of the integrated supervision model is dealt with broadly without exhausting the issues to finite detail. All in all, the book is very well written and is an excellent contribution to the field of knowledge concerned. The book breathes new life into the spheres of banking supervision and systemic bank restructuring, addressing a number of cardinal and contemporary issues in the field. I have had the opportunity of reading several books by this author and have always been struck by the bold and novel ideas Dr. Mwenda puts on the table as well as by the well-marshaled arguments around which critical analyses are sustained. In a characteristic way, Dr. Mwenda identifies a problem in an area of law and offers an invaluable contribution analyzed against the background of existing literature.