Author : Jeremy F. Taylor
Publisher : Praeger
Page : 266 pages
File Size : 46,9 Mb
Release : 1994-06-06
Category : Business & Economics
ISBN : UOM:39015032539259
The Prudent Management of Modern U.S. Banks by Jeremy F. Taylor Pdf
The shortcomings of the regulatory approach to bank supervision are discussed with particular attention given to recent acts of regulation. Historical bank examples, mostly recent, of bank imprudence are described. A strategy of decision-making, referred to as "Recursive Managerialism" (which is inherently prudential) is discussed in detail, and is prescribed as the preferred mode of decision in banking. The role of balance in the risks of banking in the pursuit of catastrophe avoidance is proposed as a negative form of prudence. This concept is shown to be associated with public interest issues, so serving similar goals to those presently sought through regulations. This structure provides the basis to evaluate decisions in specific areas of bank functions: credit, investments, funding, and management.