Corporate Governance in the Banking Sector
Corporate Governance in the Banking Sector
Author(s): Piotr Urbanek
Subject(s): Politics / Political Sciences, Economy, Governance, Public Finances
Published by: Wydawnictwo Uniwersytetu Łódzkiego
Keywords: corporate governance;receivership in banking;bank system;financial stability
Summary/Abstract: The scientific editor and co-authors of this book have undertaken a very ambitious and difficult task. It is not easy to examine developments in the banking and financial sectors from the holistic perspective, which combines the approach of institutional and law economics. The co-authors of the book have undertaken this task in a highly commendable manner. The result is an excellent monograph, the contents of which constitute a very important voice in the debate on regulation of the banking sector and corporate governance. The advantage of the book is that it was prepared in English, which is an important factor in promoting the works of the co-authors abroad. The book makes for thought-provoking, useful reading, both for researchers and students of economics, as well as lawyers dealing with regulations in the financial sector, policy-makers, and journalists. The book that we would like to recommend to you refers to current developments observed in both the Polish and global economy. It is one of the first titles on the Polish market dedicated to assessment of the role of mechanisms of corporate governance in the banking sector.
Series: Uniwersytet Łódzki
- E-ISBN-13: 978-83-7969-176-0
- Print-ISBN-13: 978-83-7525-976-6
- Page Count: 175
- Publication Year: 2013
- Language: English
Definitions of financial stability
Definitions of financial stability
(Definitions of financial stability)
- Author(s):Czesław Mesjasz, Wojciech Rogowski
- Language:English
- Subject(s):Economy
- Page Range:13-36
- No. of Pages:24
- Keywords:financial stability;bank system;corporate governance
- Summary/Abstract:The aim of the paper is to provide a preliminary answer to the following questions: 1. What are the theoretical and practical consequences of the absence of universally accepted definitions of financial stability? 2. What could be potential advantages to elaborate, if not a unique, so at least a limited number of widely accepted definitions of “financial stability” allowing to assess multiple aspects of functioning of various kinds of financial systems? 3. What should be the assumptions of such definitions?
Soft law as a factor stabilizing the financial system
Soft law as a factor stabilizing the financial system
(Soft law as a factor stabilizing the financial system)
- Author(s):Emilia Klepczarek
- Language:English
- Subject(s):Economy, Law, Constitution, Jurisprudence
- Page Range:37-54
- No. of Pages:18
- Keywords:soft law;factor stabilizing;financial system
- Summary/Abstract:This paper aims to discuss the use of soft law as one of the factors stabilizing the financial system. The advantages and disadvantages of replacing traditional legal regulations with soft law regulations in certain areas of banking supervision will be presented. An attempt will be made to prove that soft law applied in financial supervision may not only increase the security of particular institutions, but also enhance their effectiveness and public confidence.
Determinants of corporate governance in banks
Determinants of corporate governance in banks
(Determinants of corporate governance in banks)
- Author(s):Krzysztof Misiołek
- Language:English
- Subject(s):Economy
- Page Range:71-82
- No. of Pages:12
- Keywords:corporate governance;bank system
- Summary/Abstract:In most cases, banks are large and organizationally complex corporations. Effective corporate governance in banks is the basis for achieving and maintaining public confidence in the banking system and constitutes a critical factor for the proper functioning of individual banks as well as the entire economic system.
Banks in Poland in the face of new regulations on executive remuneration
Banks in Poland in the face of new regulations on executive remuneration
(Banks in Poland in the face of new regulations on executive remuneration)
- Author(s):Agnieszka Słomka-Gołębiowska
- Language:English
- Subject(s):Economy, Law, Constitution, Jurisprudence
- Page Range:83-104
- No. of Pages:22
- Keywords:banks in Poland;new regulations;executive remuneration;bank system
- Summary/Abstract:The aim of this paper is to examine the extent to which the current practice of rewarding bank executives in Poland differs from international benchmarks, taking into account the most recent Polish regulations, in force since 2012. The question is whether the new legal rules will have a signifi cant impact on the structure of executive compensation in banks. The paper describes recent recommendations of international organizations on how to regulate executive pay in the financial services industry, and compares them with the legal initiatives introduced in Poland. I also discuss the merits of such regulation in order to assess whether it can achieve the stated objectives. In the following section the findings related to executive remuneration practices in banks in the face of the new regulation will be presented. The final section presents the conclusions drawn.
Independent supervisory board members in Polish public banks
Independent supervisory board members in Polish public banks
(Independent supervisory board members in Polish public banks)
- Author(s):Agata Wieczorek
- Language:English
- Subject(s):Economy
- Page Range:105-125
- No. of Pages:21
- Keywords:independent supervisory board members;Polish public banks;bank system
- Summary/Abstract:The objective of this paper is to determine to what extent the banks listed on the Warsaw Stock Exchange (WSE) observe the regulations concerning the appointment of independent supervisory board members as well as whether the members meeting the criteria of independence are appropriately educated and have qualifications to perform their tasks on supervisory boards.
Should Polish banks be domesticated
Should Polish banks be domesticated
(Should Polish banks be domesticated)
- Author(s):Krzysztof Postrach
- Language:English
- Subject(s):Politics / Political Sciences, Economy
- Page Range:127-140
- No. of Pages:14
- Keywords:polish banks;domestication;bank system
- Summary/Abstract:For many years now we have seen the process of introducing EU regulations aimed at integrating the banking systems of the Member States. Now, the work which was undertaken because of the recent financial crisis with a view to enhancing the banks’ safety is coming to an end. Polish banks are members of international capital groups as subsidiaries and this fact gives rise to problems resulting from the centralization of capital and liquidity management at the level of the group as well as the centralization of supervision in the European Union. The recent financial crisis has highlighted these issues and sparked a debate concerning the fact that most Polish banks are dependent on their foreign headquarters. The question is whether the current ownership structure of banks operating in Poland is beneficial for the Polish economy and whether there is an alternative solution to this situation. The ownership structure of these banks has lately been questioned. There are many arguments in favour of making these banks independent rather than subsidiaries of other banks. This alternative is known as bank domestication. Re-Polonization of banks is also discussed. The domestication of banks is understood as the process by which the share of locally controlled and managed banks in the assets of the banking sector will increase.
Receivership in banking: Theory and practice
Receivership in banking: Theory and practice
(Receivership in banking: Theory and practice)
- Author(s):Piotr Masiukiewicz
- Language:English
- Subject(s):Economy, Law, Constitution, Jurisprudence
- Page Range:141-159
- No. of Pages:19
- Keywords:receivership in banking;theory and practice;bank system
- Summary/Abstract:The thesis of the paper is as follows: receivership management is an effective legal and managerial instrument for rehabilitation of banks, but regulations in this field are insufficient in Poland.
The main bank system as part of Japanese corporate governance
The main bank system as part of Japanese corporate governance
(The main bank system as part of Japanese corporate governance)
- Author(s):Magdalena Jerzemowska
- Language:English
- Subject(s):Economy
- Page Range:161-172
- No. of Pages:12
- Keywords:bank system;Japan;corporate governance
- Summary/Abstract:Japanese banks play a major role in gathering savings, allocating capital, monitoring investment decisions taken by the management of companies functioning within the main bank system, and managing risk. The assessment of these relationships and their impact on the growth of business and economy is not clear, both in theory and practice.