Bank regulation, risk management, and compliance : theory, practice, and key problem areas / Alexander Dill

This book is a comprehensive treatment of the primary areas of US banking regulation-micro-prudential, macroprudential, financial consumer protection, and AML/CFT regulation-and their associated risk management and compliance systems. The book’s focus is the US, but its prolific use of standards published by the Basel Committee on Banking Supervision and frequent comparisons with UK and EU versions of US regulation offer a broad perspective on global bank regulation and expectations for internal governance. It establishes a conceptual framework that helps readers to understand bank regulators’ expectations for the risk management and compliance functions.It explains how the banking business model, through credit extension and credit intermediation, creates the principal risks that regulation is designed to mitigate: credit, interest rate, market, and operational risk and systemic risk.