Contemporary economics and finance theory dominates the study and practice of banking. However, it is very weak in areas like culture, ethics and politics, factors which have a major influence. It assumes that a focus on profit and value maximisation will somehow lead to the best outcomes for society, and completely ignores the political power and influence of large banks, and the degree of responsibility required for the trust endowed upon them by society. If management were incompetent, who allowed them to be so, and why ...
Read More
Contemporary economics and finance theory dominates the study and practice of banking. However, it is very weak in areas like culture, ethics and politics, factors which have a major influence. It assumes that a focus on profit and value maximisation will somehow lead to the best outcomes for society, and completely ignores the political power and influence of large banks, and the degree of responsibility required for the trust endowed upon them by society. If management were incompetent, who allowed them to be so, and why did no-one squeal earlier? What happens when someone does squeal, as in the case of HBOS whistle-blower Paul Moore who warned of excessive risk taking and an aggressive sales culture as early as 2004? How and why did auditors and regulators fail in giving early warnings? Why did the competitive stock market, assumed to be perfect and efficient, not spot the management failures much earlier? This book investigates the above, in depth, and comes up with some surprising evidence and analysis, which exposes the need for curbing the political power of these large financial institutions. It details the processes and degrees to which challenge and regulation is undermined by this power, and what this means for the future governance of banking in Britain and globally. It exposes a pro-active process of regulatory risk management by these institutions, and the ease with which auditors and regulators can be and were captured. Shareholders and investors were happy to hop on the stock market ride and the spin issued by the management, not bothered to probe deeply into the underlying performance and results.
Read Less
Add this copy of The Politics of Financial Risk, Audit and Regulation: a to cart. $38.04, good condition, Sold by HPB-Red rated 5.0 out of 5 stars, ships from Dallas, TX, UNITED STATES, published 2017 by Routledge.
Choose your shipping method in Checkout. Costs may vary based on destination.
Seller's Description:
Good. Connecting readers with great books since 1972! Used textbooks may not include companion materials such as access codes, etc. May have some wear or writing/highlighting. We ship orders daily and Customer Service is our top priority!
Add this copy of The Politics of Financial Risk, Audit and Regulation to cart. $53.91, very good condition, Sold by Reuseabook rated 4.0 out of 5 stars, ships from Gloucester, GLOS, UNITED KINGDOM, published 2017 by Routledge.
Choose your shipping method in Checkout. Costs may vary based on destination.
Seller's Description:
Dispatched, from the UK, within 48 hours of ordering. Though second-hand, the book is still in very good shape. Minimal signs of usage may include very minor creasing on the cover or on the spine.
Add this copy of The Politics of Financial Risk, Audit and Regulation: A to cart. $54.46, like new condition, Sold by GreatBookPrices rated 4.0 out of 5 stars, ships from Columbia, MD, UNITED STATES, published 2017 by Routledge.
Choose your shipping method in Checkout. Costs may vary based on destination.
Seller's Description:
Fine. Contains: Tables, black & white. Includes: tables, black & white. Intended for college/higher education audience. In Stock. 100% Money Back Guarantee. Brand New, Perfect Condition, allow 4-14 business days for standard shipping. To Alaska, Hawaii, U.S. protectorate, P.O. box, and APO/FPO addresses allow 4-28 business days for Standard shipping. No expedited shipping. All orders placed with expedited shipping will be cancelled. Over 3, 000, 000 happy customers.
Add this copy of The Politics of Financial Risk, Audit and Regulation: A to cart. $55.40, new condition, Sold by GreatBookPrices rated 4.0 out of 5 stars, ships from Columbia, MD, UNITED STATES, published 2017 by Routledge.
Choose your shipping method in Checkout. Costs may vary based on destination.
Seller's Description:
New. Contains: Tables, black & white. Includes: tables, black & white. Intended for college/higher education audience. In Stock. 100% Money Back Guarantee. Brand New, Perfect Condition, allow 4-14 business days for standard shipping. To Alaska, Hawaii, U.S. protectorate, P.O. box, and APO/FPO addresses allow 4-28 business days for Standard shipping. No expedited shipping. All orders placed with expedited shipping will be cancelled. Over 3, 000, 000 happy customers.
Add this copy of The Politics of Financial Risk, Audit and Regulation: A to cart. $55.41, new condition, Sold by Ingram Customer Returns Center rated 5.0 out of 5 stars, ships from NV, USA, published 2017 by Routledge.
