Regulating (From) the Inside : The Legal Framework for Internal Control in Banks and Financial Institutions

Cover -- Half-title -- Title -- Copyright -- Acknowledgements -- Contents -- Table of Cases -- Table of Legislation -- Part I: The Elements of Internal Control in Banks and Financial Institutions -- 1. The Role of Internal Control in the Meta-Regulation of Financial Institutions -- A. Introduction to Internal Control -- Evolution of the Role of Internal Control Broadly Understood -- B. The Meta-Regulation of Internal Control and the Rise in Meta-Regulation in Financial Regulation Generally -- The Rise of Flexible and Alternative Models of Regulation -- Flexible and Alternative Regulatory Strategies in Financial Regulation -- The Importance of Meta-Regulation in Financial Regulation -- Meta-Regulation and its Limitations -- Excessive Proceduralisation -- C. Three Paradigms in the Regulatory Framework for Internal Control in Banks and Financial Institutions -- D. Structure of the Book -- 2. The Role of Compliance -- A. The Compliance Function: A Profile Sketch -- The Job Scope of the Compliance Function -- The Qualifications of Compliance Officers -- The Organisational Positioning of the Compliance Function -- Accountability Channels of the Compliance Function -- B. Disjunctions Between the Performance of the Compliance Function and Regulatory Expectations in Securing Firms' Compliance: Analysing the Organisational Dimension -- Distinct Department or Fused with General Counsel? -- Centralisation or Decentralisation? -- Risk-Based Approach to Compliance -- Reporting Channels and Accountability -- Power -- C. Disjunctions Between Regulatory Expectations and the Role of the Compliance Function: Analysing the Professional Dimension -- Lack of Convergence in the Job Scope of the Compliance Function -- Excessive Proceduralisation in the Job Scope of the Compliance Function -- Expanding Remit and Work Overload.