A double book launch for
Dr Alan Brener, Housing and Financial Stability: Mortgage Lending and Macroprudential Policy in the UK and US, (Routledge, 2020)
Dr Alan Brener, Strategies for Compliance: Tools, Techniques and Challenges in Financial Services, (Routledge, 2021)
Date and time: 4pm (London) 10th May 2021
Format: online (Zoom)
About the books
Housing and Financial Stability: Mortgage Lending and Macroprudential Policy in the UK and US
The book addresses the relationship between housing policy, credit and financial instability in the light of the recent global financial crisis, and proposes both short and long-term solutions. Although it is not known where the next crisis will come from, history suggests that it will have credit and property at its source. Thus, it is important that the UK and other countries look more broadly at what should be done in terms of policies, institutions and tools to make the housing market and mortgage lenders more resilient against a future crisis. This book sets out a number of workable proposals. Central to this work are questions relating to the quantitative macroprudential measures, such as loan-to-value (LTV) and debt-to-income (DTI) restrictions, and whether these can be used to any significant extent in western democracies and, if employed, whether they are likely to be effective. In particular, the book questions the political legitimacy of their use and the potential consequences for the institutions, such as central banks, promulgating such policies. Preserving financial stability in very uncertain market conditions is of key importance to central bankers and other regulators, and macroprudential policy is a rapidly growing subject for both legal and economics study.
Strategies for Compliance: Tools, Techniques and Challenges in Financial Services
The author, as a former experienced compliance practitioner and regulator highlights compliance challenges, using examples such as Wells Fargo, whistleblowing in the financial services, issues with corporate governance, and the mis-selling of payment protection insurance in the UK banking sector. Developing the right ethics and culture is central to ensuring that firms operate compliantly. The book explores strategies for creating compliant cultures and fostering regulatory trust.