عنوان

Corporate Law and Financial Instability.

(Number (ISBN

1315267349

(Number (ISBN

9781315267340

Erroneous ISBN

1138289132

Erroneous ISBN

9781138289130

Title Proper

Corporate Law and Financial Instability.

General Material Designation

[Book]

Edition Statement

First edition.

Place of Publication, Distribution, etc.

London :

Name of Publisher, Distributor, etc.

Taylor and Francis,

Date of Publication, Distribution, etc.

2017.

Specific Material Designation and Extent of Item

1 online resource :

Other Physical Details

text file, PDF

Series Title

Routledge research in corporate law

Text of Note

Includes bibliographical references and index.

Text of Note

Shareholder power as a major cause of excessive risk-taking In banks and other financial institutions -- The UK corporate law and governance framework as a mechanism to facilitate risk-taking by corporate managers and shareholders -- The development of the prudential regulatory framework as a response to the problems posed by financial firms operating with limited liability -- Post-crisis reforms and their limits : regulating financial institutions capital and corporate structure -- Post-crisis reforms and their limitations : regulating the qualities and incentives of financial institution directors and senior managers -- The need to reform the corporate law framework as it applies to financial institutions : towards financial sustainability -- Reforming the civil liability framework for financial institution directors and senior managers to foster financial sustainability.

0

Text of Note

"Virtually all large banks and other financial institutions in the UK and internationally are public limited liability companies whose shares are listed on one or several stock exchanges. As such, their corporate governance and, in particular, the incentives faced by their directors and senior managers are to a significant extent determined by corporate and securities law rules such as directors' duties, directors' liability in insolvency, takeover regulation, disclosure obligations, shareholder rights and rules on executive remuneration. At the same time, systemically important financial institutions in the UK are licensed, regulated and supervised by the Prudential Regulation Authority (PRA). This book explores the relationship between, on the one hand, the broader corporate law, corporate governance and securities law framework and, on the other, the prudential regulatory framework. Although the book's main focus is on UK law, much of the policy argumentation is relevant globally and therefore appropriate international comparisons are drawn, and analysis of EU law and regulation is included. The book argues that the corporate law regime, which focuses on shareholder empowerment and profit maximisation, operates as an antithesis to prudential regulatory objectives thus undermining the safety and soundness of banks and other financial institutions by encouraging risky behaviour that may be in the best interests of their shareholders, but is clearly not in the public interest."--Provided by publisher.

International Standard Book Number

9781351972789

Corporation law-- Great Britain.

Corporations-- Finance-- Law and legislation-- Great Britain.

Private companies-- Great Britain.

Stockholders-- Legal status, laws, etc.-- Great Britain.

Corporation law.

Corporations-- Finance-- Law and legislation.

LAW-- Administrative Law & Regulatory Practice.

Private companies.

Stockholders-- Legal status, laws, etc.

Great Britain.

7

LAW-- 001000

Number

Edition

Class number

Kokkinis, Andreas

Date of Transaction

20200822161725.0

Cataloguing Rules (Descriptive Conventions))

pn

Electronic name

[Book]

Y