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© 2020

The U.S. Banking System

Laws, Regulations, and Risk Management

Book

Table of contents

  1. Front Matter
    Pages i-xiii
  2. Felix I. Lessambo
    Pages 1-5
  3. The Legal Background

    1. Front Matter
      Pages 7-7
    2. Felix I. Lessambo
      Pages 9-20
    3. Felix I. Lessambo
      Pages 21-36
    4. Felix I. Lessambo
      Pages 37-66
  4. Actors: Regulators and Banks

    1. Front Matter
      Pages 67-67
    2. Felix I. Lessambo
      Pages 69-91
    3. Felix I. Lessambo
      Pages 93-98
    4. Felix I. Lessambo
      Pages 99-114
    5. Felix I. Lessambo
      Pages 115-124
    6. Felix I. Lessambo
      Pages 125-137
    7. Felix I. Lessambo
      Pages 139-155
  5. Risks and Banking Regulation

    1. Front Matter
      Pages 157-157
    2. Felix I. Lessambo
      Pages 159-175
    3. Felix I. Lessambo
      Pages 177-183
    4. Felix I. Lessambo
      Pages 185-207
  6. Financial Statements and Statement Analysis

    1. Front Matter
      Pages 241-241
    2. Felix I. Lessambo
      Pages 243-258

About this book

Introduction

The U.S. banking system differs from many countries both in the range of services supplied and the complexity of operations. Meanwhile, the U.S. financial markets have become the attraction of worldwide investors. This book explains the three key aspects of the industry: the laws governing the banking institutions, the regulations thereof, and their economics and financial statements in a manner not covered by any competitive publications, of interest to both professionals and scholars who want to better grasp this industry. Auditing a bank and/or liquidating a bank require a set of rules not always well understood. The book provides such an overview.

Felix I. Lessambo is an Associate Professor at Central Connecticut State University’s School of Business where he teaches Financial Statements Analysis and Global Financial Reporting. He has practiced international tax, transfer pricing, and alternative investment management groups where he structured and advised on hedge funds and private equity cross-border transactions. He is the author of several books in finance, including The International Banking SystemThe International Corporate Governance SystemInternational Financial Institutions and Their ChallengesInternational Aspects of the US Taxation SystemAudit-Assurance Services & Forensics, and Financial Statements: Analysis and Reporting.

“Lessambo provides an outstanding examination of the broad forces that buffer the US banking system. The book envisions the near-future impact financial technology and electronic forms of currency may have on the banking system and begins an astute examination of the tensions that are developing between the speed at complex financial innovations are arriving to market, and the legacy processes of regulatory agencies that are tasked with assuring the safety, and soundness of the overall financial system. As any good book does, this book also takes care to examine in varying degrees of detail relevant core topics on bank risk monitoring.  I found the book easy-to-read and easy to understand.”

—Nicos A Scordis, Professor, The John R. Cox/ACE Limited Chair of Risk and Insurance, St. John's University, USA; and Editor, Review of Business: Interdisciplinary Journal on Risk and Society

Keywords

Commercial Bank Investment Bank Bank Auditing Bank Financial Ratios Bank Bankruptcy Banking Laws Banking Regulation Credit Unions Anti-money Laundering

Authors and affiliations

  1. 1.School of BusinessCentral Connecticut State UniversityNew BritainUSA

About the authors

Felix I. Lessambo is an Associate Professor at Central Connecticut State University’s School of Business where he teaches Financial Statements Analysis and Global Financial Reporting. He has practiced international tax, transfer pricing, and alternative investment management groups where he structured and advised on hedge funds and private equity cross-border transactions. He is the author of several books in finance, including The International Banking SystemThe International Corporate Governance SystemInternational Financial Institutions and Their ChallengesInternational Aspects of the US Taxation SystemAudit-Assurance Services & Forensics, and Financial Statements: Analysis and Reporting.

Bibliographic information

  • Book Title The U.S. Banking System
  • Book Subtitle Laws, Regulations, and Risk Management
  • Authors Felix I. Lessambo
  • DOI https://doi.org/10.1007/978-3-030-34792-5
  • Copyright Information The Editor(s) (if applicable) and The Author(s), under exclusive license to Springer Nature Switzerland AG 2020
  • Publisher Name Palgrave Macmillan, Cham
  • eBook Packages Economics and Finance Economics and Finance (R0)
  • Hardcover ISBN 978-3-030-34791-8
  • Softcover ISBN 978-3-030-34794-9
  • eBook ISBN 978-3-030-34792-5
  • Edition Number 1
  • Number of Pages XIII, 332
  • Number of Illustrations 19 b/w illustrations, 24 illustrations in colour
  • Topics Banking
  • Buy this book on publisher's site