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Corporate Governance of Banks and Financial Crisis: Can the Post-crisis Rules Make Banks Safer?

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Governance, Regulation and Bank Stability

Abstract

The recent financial crisis demonstrated the crucial importance of corporate governance for the safety and stability of financial systems. The introduction of very complex and sophisticated prudential rules — Basel II above all — in the years before the crisis was unable to prevent the fact that banks could assume a volume of risks that they were incapable of managing in conditions of stability.

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© 2014 Gianfranco A. Vento and Pasquale La Ganga

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Vento, G.A., La Ganga, P. (2014). Corporate Governance of Banks and Financial Crisis: Can the Post-crisis Rules Make Banks Safer?. In: Lindblom, T., Sjögren, S., Willesson, M. (eds) Governance, Regulation and Bank Stability. Palgrave Macmillan Studies in Banking and Financial Institutions. Palgrave Macmillan, London. https://doi.org/10.1057/9781137413543_4

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