This paper focuses on the relevance to emerging economies of three major financial reforms following the global financial crisis of 2007 - 2009: (1) the improved capital requirements intended to reduce the risk of bank failure ("Basel III"), (2) the improved recovery and resolution regimes for...

Since his appointment in the summer of 2009, the new Governor of the Central Bank of Nigeria, Lamido Sanusi, has introduced a spate of reforms in response to the global financial crisis and the mismanagement of certain Nigerian banks. This article briefly reviews the history of Nigerian banking...

This paper focuses on the relevance to emerging economies of three major financial reforms following the global financial crisis of 2007–2009: the improved capital requirements intended to reduce the risk of bank failure ('Basel III'), the improved recovery and resolution regimes for global...

This article discusses the use of colleges of regulators to supervise global banks. The article briefly discusses the past ineffective use of colleges of regulators and then analyzes the use of colleges of regulators under European Union law. The article concludes by reviewing the...

This article focuses on the operation of supervisory colleges after implementation of the first pillar of the European Union's Banking Union -- the Single Supervisory Mechanism. The article concludes that the operation of supervisory colleges for cross-border banks, particularly those that...

The Basel Committee on Banking Supervision serves as an international forum to discuss international bank supervision issues. Because of the gravity and frequency of banking crises since the demise of the Bretton Woods System in the early 1970s, international financial standards have emerged as...

After the hand over of Hong Kong by the United Kingdom to the People's Republic of China (quot;PRCquot;), some commentators predicted that China would interfere with Hong Kong's economy and legal system despite the Basic Law's protections. This Article argues that in the area of financial...

This tongue-in-cheek short article is based on my conversations with central bankers and bank supervisors regarding the operation of supervisory colleges. The tone of the article was inspired by a “tongue in cheek” presentation by the Honorable William B. Traxler, Jr., judge on the 4th...

In this paper, I consider the case of supervisory cooperation among bank regulators where voluntary cooperation (soft law) over a period of 50 years has become hard law (regulations and directives) within the European Union. Driven by major international bank failures or financial crises,...

Nineteen Member States (out of 27) of the European Union have currently adopted the euro as their common currency and joined the banking union of the EU. By treaty provision all Member States except Denmark are required to adopt the euro. Eight Member States (including Denmark) have yet to adopt...