Gleeson on the International Regulation of Banking (Hardcover, 3rd Revised edition)

Financial capital regulation drives almost every aspect of the financial markets, from the structures of financial groups and the way they raise capital to the development of investment structures and financial engineering such as derivatives, securitisations, structured finance, credit derivatives, repos and stock lending. This new, third edition of the leading guide on the structure of bank financial regulation is invaluable for lawyers and other non-statisticians interested in the regulatory drivers which shape modern financial transactions and techniques. The legal and regulatory principles which underlie the regulations are articulated here in a structured and accessible format without formulae. Since the publication of the second edition, the final form of the Basel III international regulatory framework for banks has been agreed, and the new edition covers both Basel III and references the first tranche of rulebooks and secondary legislation to ensue as a result. The new edition also covers the new formal bank resolution and recovery regime which came into force in November 2016 requiring UK banks, building societies and the large investment firms to demonstrate minimum requirements for eligible liabilities and own funds. Another key focus of the new edition is bank structural reform. Whilst the implementation of the EU initiative stalled and was ultimately withdrawn, the UK has already implemented its own version which has had, and will continue to have, a significant impact on banking regulation.

General

Imprint:	Oxford UniversityPress
Country of origin:	United Kingdom
Release date:	September 2018
Authors:	Simon Gleeson (Partner)
Dimensions:	253 x 177 x 37mm (L x W x T)
Format:	Hardcover
Pages:	576
Edition:	3rd Revised edition
ISBN-13:	978-0-19-879341-0
Categories:	Books > Law > International law > General Books > Law > Laws of other jurisdictions & general law > Financial, taxation, commercial, industrial law > Financial law > Banking law
LSN:	0-19-879341-3
Barcode:	9780198793410

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My review

Thu, 3 Jan 2019 | Review by: Phillip T.

A BRILLIANT EXPLANATION ON A DIFFICULT BANKING TOPIC…. BEGINNING AT A TIME OF MASSIVE FINANCIAL TURBULENCE FOR EUROPE AND THE WORLD An appreciation by Elizabeth Robson Taylor of Richmond Green Chambers and Phillip Taylor MBE, Head of Chambers and Reviews Editor, “The Barrister” For those who do not know, Simon Gleeson is a visiting fellow of All Souls College, Oxford. He describes in his new third edition, a legal topic which he calls “the financial capital regulation which drives almost every aspect of our financial markets in a free society”. He includes comment “from the structures of financial groups and the way they raise capital to the development of investment structures and financial engineering such as derivatives, securitizations, structured finance, credit derivatives, repos and stock lending”. It is a very detailed work, but what is so refreshing here is that Gleeson does so only in a way and at a level that we would expect from an Oxford Don addressing both the academic and the practitioner communities and following the house style we are so familiar with at Oxford University Press (OUP). And it is with great thanks that we welcome this new, third edition of what is a leading guide on the structure of bank financial regulation is invaluable for lawyers and other non-statisticians interested in the regulatory drivers which shape modern financial transactions and techniques. What we have here for 2018 onwards are the legal and regulatory principles which underlie the regulations and they are articulated here in a structured and accessible format, without formulae you will be relieved to hear. Readers will know that since the publication of the second edition, the final form of the Basel III international regulatory framework for banks has been agreed, and the new edition covers both Basel III and references the first tranche of rulebooks and secondary legislation to ensue as a result. Gleeson’s third edition also covers the new formal bank resolution and recovery regime which came into force in November 2016 requiring UK banks, building societies and the large investment firms to demonstrate minimum requirements for eligible liabilities and own funds. Another key focus of this edition is banks structural reform – long overdue. As Gleeson says, “whilst the implementation of the EU initiative stalled and was ultimately withdrawn, the UK has already implemented its own version which has had, and will continue to have, a significant impact on banking regulation”. As practitioners, we have no crystal balls about even the immediate outcome of current banking policy and future regulatory measures whatever they may be, but we are thankful for the new “Gleeson” for his insight, intellect and help in a difficult area of specialist financial law. Thank you for keeping us up to date in this specialist area of global financial law. The book was published on 23rd October 2018.

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