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"Preface" [2015] ELECD 1234; in Haentjens, Matthias; Wessels, Bob (eds), "Research Handbook on Crisis Management in the Banking Sector" (Edward Elgar Publishing, 2015) xvi

Book Title: Research Handbook on Crisis Management in the Banking Sector

Editor(s): Haentjens, Matthias; Wessels, Bob

Publisher: Edward Elgar Publishing

ISBN (hard cover): 9781783474226

Section Title: Preface

Number of pages: 2

Extract:

Preface


The scale and magnitude of the havoc wreaked by the financial crisis of 2007 has directed
the attention of all of us ­ policy makers, academics, practitioners, financial institutions
and taxpayers alike ­ to crisis management in the banking sector. Until then the area of
crisis management in the banking sector was a terra incognita, or at best, very differently
regulated. Thus, the spotlight has only fairly recently come to shine ­ in legal terms ­ on
bank insolvency law as an area of coherent study, not only at a global level, but also at
the regional level and at the level of national laws and regulations.
For the present handbook, the editors have chosen a functional approach to conduct
such a coherent study. The introductory chapters establish the main themes and set
the scene, often taking an (macro)economic approach. The following chapters take
the perspective of the EU authorities, recognizing that important supervisory and
regulatory functions have been transferred from national Member States to the EU level.
Subsequently, the chapters that follow cover, first, topics most relevant from a bank's
(own) perspective, and then those topics relevant from the perspectives of a bank's
counterparties. The last six chapters present the latest developments throughout the
world, viz. in Australia, China, Japan and the United States, as well as the EU Member
States of Germany and the UK (England and Wales).
The chapters in this book demonstrate that policy makers and legislators all over the
globe struggle with the same questions, ...