BANKING RESILIENCE

The banking industry plays a critical role in ensuring global economic and financial stability. Effective governance is essential for mitigating bank risk-taking and limiting managerial opportunism in this industry, which is constantly under regulatory and market scrutiny. However, the complexity and diversity of banking financial instruments and transactions gives rise to substantial information asymmetries and ongoing debates regarding contemporary governance, sustainability, and data innovation issues.

This book is one of the first to address these contemporary issues collectively, offering a comprehensive and holistic understanding of the challenges and opportunities facing the global banking industry. It provides new insights, evidence-based recommendations, and future perspectives on the role of governance mechanisms, digital innovation, climate change, and green finance in shaping the industry pre- and post-COVID-19. The book is a valuable resource for a wide range of stakeholders in the banking sector, including international regulators, practitioners, policymakers, institutional investors, and auditors. It features contributions from renowned international scholars and offers a variety of theoretical, empirical, and policy-based perspectives. It provides updated evidence and new insights crucial for rethinking the global banking model and dominant regulations, and offers evidence-based recommendations and measures for promoting financial stability and resilience in this industry.

Contents:

• Board Diversity and Implications on Banking:
  • Board Characteristics and Corporate Governance: A Historical Review of the Banking Industry (Bao Trung Hoang and Cesario Mateus)
  • Board Gender Diversity and Bank Performance: Evidence from Australia (Jacie Jia Liu, Kevin Daly, and Anil V Mishra)
  • Board Diversity on Bank Stability: The Impact of Cultural Openness to Diversity (Rana Hamaid Alharbi)
  • Women on Bank Board and Board Effectiveness in India (T V Venkatarathna, Shreya Biswas, and Nivedita Sinha)
• Social Responsibility and Sustainability:
  • Socially Responsible Banks (Vu Quang Trinh and Teng Li)
  • Climate Finance, Policy Uncertainty, and Global Financial Stability: A Systematic Review Through Bibliometric Analysis (Hai Hong Trinh)
  • The Impact of Secrecy and Collective Intelligence on Accrual Earnings Management: International Evidence (Raida Chakroun and Adem Abdellatif)
  • The Impact of the Pandemic on the Financial Markets: The Resilience of GCC Islamic Banks During the COVID-19 Crisis (Ahmet Faruk Aysan and Farah Ahmed Hersi)
• Bank Risk: Evidence from Political Connections and Digital Innovation:
  • How Does FinTech Affect Bank Diversification versus Specialization Decisions? Evidence for the Chinese Banking Industry (Minzhi Wu and Emili Tortosa-Ausina)
  • Optimum and Coherent Economic Capital Forecasts with Reinforcement Machine Learning: Evidence from Optimization Algorithms under Long and Short-Sales Multiple Asset Portfolios of Emerging Markets (Mazin A M Al Janabi)
  • Risk Spillover Effect of Internet Finance: Evidence from Chinese Securities Companies (Panagiotis E Dimitropoulos)
  • Venturing into New Ways of Regulatory Reporting and Systemic Risk Analysis (Henriette Elise Breymann, Patrick Hauf, and Christoph Künzle)
  • Political Connections and Capital Structure in the GCC Banks (Fatma Ahmed and Mohammed Elgammal)
  • A Global Taxonomy of Flash Crashes: Cases Demonstrating the Operation and Impact of High-Frequency Traders (Priya Makhija, Elizabeth Chacko, and Megha Kukreja)

Readership: The primary markets for the book are academic libraries, students of Business, Economics or Finance, (undergraduate, graduate, and postgraduate), and practitioners and policymakers (financial analysts, financial institutions, rating agencies, lawyers, regulators, etc.). While this volume is not primarily intended as a textbook, it can definitively be used for class teaching given that we only consider conceptual chapters and those with case studies inside.

Key Features:

• This is the first book on the topic of international banking resilience which collectively addresses several contemporary issues across the industry, recognizing alternative banking models (i.e., Islamic vs. conventional), and introducing implications from CSR, governance, political stability, alongside accounting and earnings management
• The book introduces new and recent debates as well as insights surrounding Financial Technology (FinTech) and digital innovation alongside governance
• The book brings together international scholars, practitioners and industry leaders as well as policy makers who contributed with novel research studies and presented key debates related to the global banking industry
• It offers a careful look from firm-level, country-level, country governance, policy-related perceptions in addition to highlighting important policy-related, market-based, and finance-based implications regarding the importance of banking resilience during episodes of financial distress
• It provides updated evidence and recent insights required to rethink the global banking model and the dominant international standards
• It is a timely and strategic collection of theoretical, empirical, and policy contributions from renowned international scholars
• It offers evidence-based and new perspectives on common/potential responses, recommendations, and measures with applied case studies that target a wide range of stakeholders engaged with the banking sector (e.g., international regulators, practitioners, institutional investors, auditors, etc.)
• It addresses any topic related to banking resilience in specific relation to CSR, governance, political shocks, FinTech and innovation. The book also offers several industry, policy and practical insights and addresses current gaps, challenges and obstacles facing the global banking industry