http://www.loc.gov/mods/v3 http://www.loc.gov/standards/mods/v3/mods-3-2.xsd
Cover; Half-title; Title page; Copyright information; Dedication; Table of contents; Preface; 1 States and the Regulation of a Globalized Finance; Context Conditions for Regulatory Action; The Dialectical Unity of Regulators and the Regulated; The National Level: Regulatory Dialogues on Financial Innovations; State-Society Relations and the Supervision of Finance; The Empirical Content of the Book; Methodological Considerations; Anticipated Conclusions; 2 The ABCP Market at the Heart of Shadow Banking and the Financial Crisis; Shadow Banking and the Financial Crisis
The Role of Banks in SecuritizationThe Infrastructure of Shadow Banking: SPEs and Bank Conglomerates; When the Music Stopped: The Run on the Shadow Banking System; The Impact of the Fallout of the ABCP Markets on the USA and European Nations; The Regulatory Impact on the Sponsoring of ABCP Conduits by Banks; The Impact of Regulatory Interventions in My Four Cases; 3 How to Explain the Absence of Regulatory Action on Shadow Banking: Situating Regulators in Their...; Regulatory and Cognitive Capture; Ignorance, State Capacity, and Structural Constraints of Regulators
Regulatory Arbitrage, Information Asymmetries, and Regulatory DialoguesThe Context of National Regulatory Action: Transnational Governance Formation and Level Playing Field Concerns; 4 The Transformation of US Financial Markets since the 1960s and the Emergence and Growth of the ABCP Market; The Challenge to Commercial Banks on the Asset and Liability Side; The Rise of the Commercial Paper Market; The Financial Turbulences of the 1980s and the Birth of the ABCP Market; The Emergence of the ABCP Market in 1983; First Regulatory Dialogues
The Formulation of the First Regulatory Framework: 1988-1992Changes in the ABCP Market in the 1990s and Regulatory Unease; The Basel II Negotiations from a US Perspective; Enron and the Ensuing Uncertainty in the ABCP Market; 5 In the Shadow of Basel; How the Basel Accords Furthered the ABCP Market and Limited Its National Regulation; National Inaction at the Margins of Basel; The Bank-Regulator Alignment in the Process of European Financial Integration; Structural Reasons for the Differential Regulation of the ABCP Market in the EU; France; Germany; The Netherlands; Conclusion
6 Converging Procedures or Standards?: The Challenge of the IASC and...National Regulatory Change and Transnational Challenges; The Ascendance of the IASC and Its Challenge to National Standard Setters; The Netherlands; The Transition to an SIC 12-Like Rule; France; The Transition to an SIC 12-Like Rule; Germany; The (Blocked) Transition to a SIC 12-Like Rule; Discussion and Conclusion; 7 Steering Finance toward Prudence: The Role of Banking Regulators in the...; Regulatory Dialogues: The Fight over the Implementation of Principles-Based Rules; Germany: Ignorance Caused by Distance
Includes bibliographical references and index.