Commercial Banking in Transition

The book investigates commercial banking, covering the European framework, the Anglo-Saxon systems, and the Asian area in a comparative approach in trying to answer the following questions: Which is the commercial banking business model of the future? What do we expect a bank to be and to do in the new economic and social reality? How might banking supervision over commercial banks as well as market competition change? The book showcases how three factors or driving forces influence the future of commercial banking: i) fintech innovations (such as artificial intelligence, cryptocurrencies, blockchain, algorithmic trading, machine learning and electronic payments, to name a few), ii) covid-19 measures, and iii) SDG policy priorities. Geared toward academics, scholars and students of banking and financial services, the book will explore how these three factors have different weight in the different legal contexts.
Chapter 11 is licensed under the terms of the Creative Commons Attribution 4.0 International License .

Analyses how fintech, covid-19, and sustainability policy priorities affect commercial banking Offers an in-depth regulatory analysis of commercial banking business models Explores bank competition and banking stability in Europe, the UK, and Asia

Auteur

Marco Bodellini is a Senior Research Scientist in sustainable finance at the ADA chair in financial law and inclusive finance at the University of Luxembourg, House for Sustainable Governance and Markets, and a Lecturer in banking and financial law at the University of Bergamo. His main areas of research include bank crisis and resolution, corporate governance of financial institutions, systemic risk and financial stability, shadow banking and investment funds, fintech, and sustainable finance. He is a member of the expert group advising the European Parliament on bank crisis management matters, a member of the Advisory Panel of the International Association of Deposit Insurers (IADI), and a Special Advisor to the Unidroit Secretariat on bank insolvency.

Gabriella Gimigliano is a Lecturer of Law at the University of Siena, where she held the Jean Monnet Chair in EU Money Law. Her main areas of research include law of money and payments, banking law, Islamic finance, and economic regulation.

Dalvinder Singh is a Professor of Law in the School of Law at the University of Warwick, and Adjunct Professor in the Department of Law at the University of Bergamo. He is the editor of the Journal of Banking Regulation and Financial Regulation International. He is also a member of the Advisory Panel of the International Association of Deposit Insurers (IADI).

Contenu

Foreward , by Vittorio Santoro.- Chapter 1 Introduction, by the Editors.- Part I The EUROPEAN UNION .- Chapter 2 Intermediaries' model in banking and finance and the treatment of fintech in the European Union: a critical approach, by Patrick Barban.- Chapter 3 FinTech and competition regulatory concerns in the EU banking business framework, by Gabriella Gimigliano.- Chapter 4 Prudential regulation policy responses to financial technological innovations: the future for banks and crypto-finance?, by Iris H-Y Chiu .- Chapter 5 Digitalizing the commercial bank business model: vanishing brank branches and the risk of financial exclusion of the elderly, by Anne-Christine Mittwoch, Anne-Marie Weber, Weronika Herbert-Homenda, and Weronika Stefaniuk .- Chapter 6 The game changer in the euro area: Banking Union and commercial banking, by Lucia Quaglia .- Chapter 7 The financing of problem banks: critical issues and challenges ahead, by Marco Bodellini .- Chapter 8 The review of the EU bank crisis management and deposit insurance framework, by Johannes Langthaler .- Chapter 9 Sustainable commercial banking in European Union Law: a renewed mandate for commercial banks?, by Pablo Iglesias Rodriguez .- Chapter 10 Commercial banks and competition concerns SDG policy priorities, by Lela Mélon and Alenka Recelj Mercina .- Part II The Anglo-Saxon SYSTEMS .- Chapter 11 Central Bank Digital Currency and the Agenda of monetary devolution , by Leonidas Zelmanovitz and Bruno Meyerhol Salama .- Chapter 12 Open banking in the UK: a co-opetition scenario for innovation and evolution in the UK retail banking sector, by Nikita Divissenko .- Chapter 13 Rethinking crypto-regulation for crypto-investors in the UK, by Joy Malala and Folashade Adeyemo .- Chapter 14 Cross-border recognition of foreign resolution actions: the statutory regime in the United Kingdom , by Shalina Daved, Clare Merrified & Michael Salib .- Chapter 15 The impact of climate change on the economy and financial system: legal aspects of the Bank of England's response, by Jack Parker and Ann Corrigan .- Part III CHINA AND SOUTH KOREA .- Chapter 16 Chinese commercial banks and fintech-competition and collaboration, by Ding Chen .- Chapter 17 Fintech and banking reform: a perspective from China, by Wang Feimin, Xu Duoqi, and Cheng Xuejn .- Chapter 18 Prudential regulation of the banking-like business of fintech companies in China, by Yangguang Xu and Zhirou Li .- Chapter 19 Recent changes and prospects of banking services regulations and supervision in Korea, by Sung-Seung Yun and GiJin Yan.- Part IV Looking ahead.- Chapter 20 Final remarks, by Antonella Brozzetti.