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The Bank Culture Debate

The Bank Culture Debate
Author: Huw Macartney
Publisher: Oxford University Press, USA
Total Pages: 301
Release: 2019-09-12
Genre: Business & Economics
ISBN: 0198843763

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The period since the Global Financial Crisis and numerous scandals have exposed some areas of serious illegal and unethical conduct within western banking systems. Despite extensive reforms it is increasingly apparent however that there is a persistent problem with the 'culture' of banking in Anglo-America. US and UK state managers made substantial efforts to reform the culture of their banking sectors. However, this book argues that they focused on an extremely narrow definition of bank culture. They did so for two reasons: firstly, because the structural pressures of financialization - which are a far more important driver of the problematic features of bank culture in Anglo-America - are harder to remedy; but secondly, state managers also used their bank culture response to tackle a legitimacy crisis facing their institutions of government. In so doing they abdicated responsibility for the real problems - of inequality and instability - associated with their respective financial systems Drawing on interviews with more than 150 individuals working in financial services as well as regulators, politicians, and lawyers, The Bank Culture Debate explains the strategies employed by state managers before then examining what has and has not changed in the culture of banking in the US and UK.


The Bank Culture Debate

The Bank Culture Debate
Author: Huw Macartney
Publisher:
Total Pages: 301
Release: 2019
Genre: Banking law
ISBN: 9780191879470

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The period since the global financial crisis has exposed some areas of serious illegal and immoral conduct within western banking systems. Drawing on interviews with more than 150 individuals working in financial services as well as regulators, politicians, and lawyers, this text explains what has and hasn't changed in bank culture.


Culture And Currency

Culture And Currency
Author: John W. Houghton
Publisher: Routledge
Total Pages: 192
Release: 2019-03-04
Genre: Political Science
ISBN: 0429710445

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The aim of this book is to shed light on how people come to hold opposing views, how these views solidify into the sides of a debate and how one side becomes the dominant view. Why, as all have access to the same nature, physical and human, don't they come to the same conclusions? Or, if each individual is different, why don't they come to wholly different conclusions? A sociology of perception must explain both why the world resembles neither an epistemological Tower of Babel in which communication between individuals is impossible nor a homogenized blend in which communication is no longer necessary. t


Contemporary Issues in Banking

Contemporary Issues in Banking
Author: Myriam García-Olalla
Publisher: Springer
Total Pages: 454
Release: 2018-07-23
Genre: Business & Economics
ISBN: 3319902946

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This book offers insights into the contemporary issues in banking with a special focus on the recent European regulatory reforms, governance and the performance of firms. Written by prestigious professors and expert academics in the field, the book also covers a diverse set of topics that have gained great importance in this sector such as firm financing, culture, risk and other challenges faced by banks. The book is of interest to scholars, students and professionals in banking.


Financial Citizenship

Financial Citizenship
Author: Annelise Riles
Publisher: Cornell University Press
Total Pages: 99
Release: 2018-07-15
Genre: Political Science
ISBN: 1501732730

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Government bailouts; negative interest rates and markets that do not behave as economic models tell us they should; new populist and nationalist movements that target central banks and central bankers as a source of popular malaise; new regional organizations and geopolitical alignments laying claim to authority over the global economy; households, consumers, and workers facing increasingly intolerable levels of inequality: These dramatic conditions seem to cry out for new ways of understanding the purposes, roles, and challenges of central banks and financial governance more generally. Financial Citizenship reveals that the conflicts about who gets to decide how central banks do all these things, and about whether central banks are acting in everyone’s interest when they do them, are in large part the product of a culture clash between experts and the various global publics that have a stake in what central banks do. Experts—central bankers, regulators, market insiders, and their academic supporters—are a special community, a cultural group apart from many of the communities that make up the public at large. When the gulf between the culture of those who govern and the cultures of the governed becomes unmanageable, the result is a legitimacy crisis. This book is a call to action for all of us—experts and publics alike—to address this legitimacy crisis head on, for our economies and our democracies.


Corporate Culture in Banking

Corporate Culture in Banking
Author: Anjan V. Thakor
Publisher:
Total Pages: 12
Release: 2017
Genre:
ISBN:

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Until recently, regulatory discourse has paid scant attention to the issue of organizational culture in banking. Yet ethical lapses and systematic weaknesses exposed in the 2007-09 financial crisis suggest that future policy dialogue is unlikely to ignore culture's significance. Drawing from an approach developed in organizational behavior research, the author introduces a framework for diagnosing and changing corporate culture in a way that more effectively supports the bank's growth strategy and induces behavior that enhances financial stability. The normative exercise, highlighting the tensions and trade-offs arising from competing organizational goals, is useful for bank leaders seeking to foster a specific culture. An examination of bank culture under the “Competing Values Framework” also offers insights for policymakers designing regulations that proactively address foreseeable problems.


Preventing Regulatory Capture

Preventing Regulatory Capture
Author: Daniel Carpenter
Publisher: Cambridge University Press
Total Pages: 531
Release: 2014
Genre: Business & Economics
ISBN: 1107036089

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Leading scholars from across the social sciences present empirical evidence that the obstacle of regulatory capture is more surmountable than previously thought.


Theorizing Cultural Work

Theorizing Cultural Work
Author: Mark Banks
Publisher: Routledge
Total Pages: 222
Release: 2014-04-11
Genre: Social Science
ISBN: 1134083513

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In recent years, cultural work has engaged the interest of scholars from a broad range of social science and humanities disciplines. The debate in this ‘turn to cultural work’ has largely been based around evaluating its advantages and disadvantages: its freedoms and its constraints, its informal but precarious nature, the inequalities within its global workforce, and the blurring of work–life boundaries leading to ‘self-exploitation’. While academic critics have persuasively challenged more optimistic accounts of ‘converged’ worlds of creative production, the critical debate on cultural work has itself leant heavily towards suggesting a profoundly new confluence of forces and effects. Theorizing Cultural Work instead views cultural work through a specifically historicized and temporal lens, to ask: what novelty can we actually attach to current conditions, and precisely what relation does cultural work have to social precedent? The contributors to this volume also explore current transformations and future(s) of work within the cultural and creative industries as they move into an uncertain future. This book challenges more affirmative and proselytising industry and academic perspectives, and the pervasive cult of novelty that surrounds them, to locate cultural work as an historically and geographically situated process. It will be of interest to students and scholars of sociology, cultural studies, human geography, urban studies and industrial relations, as well as management and business studies, cultural and economic policy and development, government and planning.