Adrian Docherty and Frank Viort's book provides a solid, comprehensive and easy-to-read primer on how banks operate and are regulated today, following the unprecedented global regulatory response that followed the financial crisis of 2008.
The authors do not hesitate to challenge the conventional wisdom behind many of the recent regulatory initiatives and importantly offer some truly thought provoking, cutting edge new ideas that, if adopted, may genuinely make banking safer and more efficient.
A must read for all bankers interested in the future of their industry, and for anyone seriously contemplating a career in banking!
My favourite part was the case studies. Great to see so many in one place. The history and background of Basel rules also very good - the material has been put down in an approachable manner (thinking as an occasional trainer of this material).
Whilst the historical analysis is relatively uncontraversial the proposals for how things could be changed would provoke more debate. Many (myself included) may have differences of opinion.
All in, a well researched and thoughtful piece of work that I would recommend.
A highly comprehensive and thoughtful account of the current financial crisis, banks' role in it, and how to better prepare for crises in the future. Superbly written and accessible description of how banks operate, with very useful case studies. A great book for the practitioner or market observer.