Book Description

In this second edition, Macey and Miller integrate the many recent developments in the field while they tackle the fundamental question of the role of the bank in a modern industrial society. They encourage students to explore the nature, content, and scope of the rules regulating the banking industry in light of economic and social purposes. For this edition, each chapter was revised to incorporate: changes to interstate banking (Riegle-Neal Interstate Banking and Branching Efficiency Act of 1994) Kaye, Scholer freeze order the BCCI scandal community reinvestment issues swaps and other financial derivative instruments. The chapter on capital regulation has also been greatly expanded. A comprehensive introduction that details: the history of the American banking industry nature of the banking firm basic rationale for banking regulation central structure of banking regulation and alternatives from other countries. From this foundation, The authors progress to more specific topics: bank holding companies in geographic limitations securities powers of banking institutions n examination and enforcement n bank failure n international banking For a fresh new look at the enduring issues of banking as the industry experiences significant change, turn to Banking Law and Regulation, Second Edition.