Handbook for Directors of Financial Institutions
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Handbook for Directors of Financial Institutions

  • Elgar original reference

Edited by Benton E. Gup

Offers advice from existing directors, scholars and regulators about what good directors need to know. The Handbook for Directors of Financial Institutions offers the practitioner and the scholar a comprehensive guide to what it takes to survive and thrive as a director of a financial institution. The authors comprise current directors of banks, credit unions, insurance companies and other organizations, bank regulators, lawyers and academics. They provide unique insights and advice about corporate social responsibility, legal risks, starting a new bank, D & O insurance, sub prime lending, Islamic banking, and other timely issues.
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Chapter 10: Bank Governance: Perceptions from Experiences

Warren Hogan and Rowan Trayler

Extract

10 Bank governance: perceptions from experience Warren Hogan and Rowan Trayler Introduction This chapter examines provisions about governance in Australian banking and related activities in light of past experiences. Most attention is given to the provisions for corporate governance laid down by the Australian Prudential Regulation Authority (APRA) and recommendations from the Basel Committee on Banking Supervision as well as commentaries from officers associated with those entities. The latter segments are directed to an appraisal of requirements in light of experiences of banking activities during recent decades. Bank governance has been of major interest ever since the introduction of internationally-agreed capital requirements, referred to as Basel I, under the auspices of the Bank for International Settlements in 1988. During the past decade this focus was heightened by the failure of Barings Bank in early 1995 and Long-Term Capital Management in 1998. Governance issues have long been a focus for all corporate activities. So much so that in recent years the implementation of measures to comply with legislative provisions and listing requirements on securities exchanges has become a major issue for boards and management of companies. The importance of these concerns has been sustained by the results of a recent survey of perceptions of risk management across corporate entities in Australia and New Zealand (Aon, 2007). The latest survey for 2006–07 shows issues related to corporate governance as the most important concern for risk management as was also the position the previous year, 2005–06. The analyses of issues...

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