Transaction Banking and the Impact of Regulatory Change: Basel III and Other Challenges for the Global Economy

by R. Wandhöfer

Overview

This book takes you on a journey through post-crisis regulatory reform, highlighting the unintended consequences of some of the measures on transaction banking, a business that provides the backbone of financial markets.

Product Details

ISBN-13:	9781349468942
Publisher:	Palgrave Macmillan UK
Publication date:	01/01/2014
Edition description:	1st ed. 2014
Pages:	285
Product dimensions:	6.10(w) x 9.25(h) x (d)

About the Author

Ruth Wandhöfer is a regulatory expert in the field of banking and one of the foremost authorities on transaction banking regulatory matters. She is Global Head of Regulatory and Market Strategy for Cit's Treasury and Trade Solutions business. In this role Ruth's key responsibilities include driving regulatory and industry dialogue and developing product and market strategy in line with the evolving regulatory landscape. Ruth is also chair of the Global Public Policy and Regulatory Affairs Committee of BAFT (a global trade body that represents the particular interests of the transaction banking community); chair of the EU-wide banking industry Payments Regulatory Expert Group which plays a leading advocacy role on behalf of the banking industry in relation to all payments related legislative developments; chair of the European Payments Council Information Security Group; member of the European Commission Payment Systems Market Expert Group (PSMEG), a very small group of hand-picked industry experts and member of the ECB Contact Group on Euro Payments Strategy. Ruth was named as one of 2010s 'Rising Stars' by Financial News; named in Management Today's 2011 '35 Women under 35' list of women to watch (Sunday Times), and one of the 100 Most Influential People in Finance 2012 as named by Treasury Risk Magazine.

Table of Contents

Foreword by Vitor Constâncio 1 Regulation and Transaction Banking: A journey through a relationship at the crossroads 2 Post-Crisis Regulatory Change Introduction 2.1 What is in store for the global banking industry 2.2 Financial stability 2.3 Consumer and investor protection 2.4 Standards and harmonisation 2.5 Other developments of significant calibre 3 Transaction Banking 101 Introduction 3.1 So … What is transaction banking? 3.2 The role of transaction banking in the economy 4 The Journey from Basel I to Basel III: History and fundamentals explained Introduction and history of the Basel Committee 4.1 An overview of the journey from Basel I to Basel III 4.2 Additional BCBS requirements: the 'Framework on monitoring tools for intraday liquidity management' 4.3 … And more additional BCBS requirements: the 'supervisory framework for measuring and controlling large exposures' 4.4 Basel III: Some examples of national diverging implementations 4.5 What about the macroeconomic impact of Basel III? 5 The Payments Special: Europe Versus the US Introduction 5.1 European payments – the quest for integration 5.2 The saga of the EU Payment Services Directive 5.3 US Dodd–Frank revision of Regulation E, section 1073: A European import? 6 Impacts of Basel III and Other Regulations on the Transaction Banking Business Introduction 6.1 What Basel III and other key legislation will mean for cash Management 6.2 Basel III and other regulatory challenges to correspondent Banking 6.3 Trade finance under Basel III: A risk to global growth? 6.4 Securities services under Basel III 6.5 Other regulatory changes that impact transaction banking services 7 The Magic Mix: Or how to avoid future financial crises 7.1 What have we learned so far? 7.2 An overview of the themes arising from legislation 7.3 Solutions 7.4 Predictions

Editorial Reviews

'This book brings to light the challenges of international regulation and clarifies the role of transaction services in supporting the world economy. It is an essential navigation tool to understand unintended consequences of regulations on this vital business, where rectifying measures should be applied.'

Vítor Constâncio, Vice President European Central Bank

'The importance of transaction banking services, such as trade finance, to the real economy has to be considered in the context of Basel III and other key legislative developments. This book constitutes a critical contribution to the design of the bank regulatory regime post-crisis, which needs to ensure that critical banking services can continue to be delivered in support of the global economy.'

Sharon Bowles, Former Member of the European Parliament and Chair of the Economic and Monetary Affairs Committee 2009 2014

From the Publisher