International Banking for a New Century

This new textbook provides an up-to-date overview of international banking as the second decade of the twenty-first century unfolds. Integrating geo-economic, operational, institutional and regulatory changes in the financial sector, the volume’s methodology incorporates specific case studies and research, combining theory with practical examples to illustrate the impact and consequences of past and present financial crises. The volume considers the core aspects of international banking, including its structural and technical features, historical context, institutional evolution in core markets, and wholesale, retail, investment and private banking. It uses specific examples from past and present literature, post-2008 case studies and histories, and research materials, offering a fully updated overview of how international banks respond to global crises, the origin, efficacy and evolution of financial markets, and the regulatory framework within which they function. One chapter is devoted to the evolution and potential of new markets, including the financial sectors of the BRICS and other emerging economies. Each chapter examines background, causes, impact and resolution, focusing on specific cases and their broader implications for the sector. This textbook is a guide to the new, and at times unchartered, landscape to be navigated by large domestic, cross-regional and global banks, and will be invaluable reading for students of finance, business and economics, as well as for those in the financial sector.

Introduction 1. History of International Banking: International Banks (Almost) Never Die 2. International Wholesale Banking 3. International Personal Banking 4. Bank Failures and Systemic Crises 5. Sovereign Debt Crises and Ramifications for International Banking 6. International Bank Regulation and Supervision 7. Banking in Emerging Economies 8. Financial Fraud and Implications for Banks 9. International Banking Trends and Challenges

Irene Finel-Honigman is Adjunct Professor in banking and European economic history at Columbia University's School of International and Public Affairs (SIPA), USA. Fernando B. Sotelino is Adjunct Professor in banking and finance at Columbia University's School of International and Public Affairs (SIPA), USA.