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"This book provides a detailed analytical assessment of merger and acquisition phenomenon in banking. It advances the prior literature focusing on some specific aspects that have been investigated by only limited previous analysis. It assesses the effect produced by M&A transactions on bank efficiency and shareholder value"--Provided by publisher

What types of policy intervention had a greater impact during the financial crisis? By using a detailed dataset of worldwide policy, we answer this question focusing on Globally-Systemically Important banks (G-SIBs), looking both to stock returns and Credit Default Swap (CDS) spreads reactions. As robustness checks, we also analyze a control sample of 31 large Non-Financial Companies (NFCs). Overall, we show that different policy interventions from governments and central banks have produced diverse market reactions: investors generally appreciate monetary policy interventions for G-SIBs (but not for NFCs) and do not welcome bank failures and bailouts (for both G-SIBs and NCFs).

This book explores risk culture in banks following the financial crisis. It analyses the role of national and institutional risk culture, market competitiveness, organisational systems and institutional practices that led to a weakening of risk culture in financial institutions leading up to the financial crisis. It addresses how to assess and measure risk culture, and analyse the impact on performance and reputation. Finally it explores the impact of regulation and a variety of tools that can be applied from the board down to promote a healthy risk culture in the governance of financial institutions internal controls and risk culture in banks.--

New Issues in Financial Institutions Management presents a contemporary insight into key trends impacting on global financial institutions post crisis and highlights areas of major policy and academic interest. The book is divided into four topical themes that span: management, innovation and technology in banking; efficiency and productivity; consolidation; and corporate governance issues. It aims to highlight the key issues being faced by the financial sector today and is drawn from the European Association of University Teachers of Banking and Finance Conference (otherwise known as the Wolpertinger Conference) held at the University of Rome III, Italy in September 2009.

This collection of conference papers presents a contemporary insight into key trends impacting on the global financial sector post crisis and highlights new policy and research areas affecting banks and other financial institutions. The four main themes are: financial crises, credit activity, capital markets and risk management.