Foundations : part 1
The banking business model and rise of the financial conglomerate : chapter 1
    Factors that cause banks to be so highly regulated
    The rise of the global financial conglomerate and BHC structure
The bank regulatory framework and formation and conveyance of regulatory expectations : chapter 2
    The regulatory and supervisory structure and its implications for risk management and compliance
    US regulatory and supervisory framework
    UK regulatory and supervisory framework
    EU regulatory and supervisory framework
    Conveying regulatory expectations : rules-based and principles-based approaches
    Supervisory tools for conveying regulatory expectations
Managing banks' risks through a corporate governance framework : chapter 3
    A corporate governance primer
    Corporate governance issues unique to banks and other financial institutions
    The role of the three control functions in bank corporate governance
    The bank compliance function
    Formative impact of state law and federal prosecutorial policy on compliance
    The bank risk management function
    Role of corporate culture in bank risk management and compliance
Primary areas of bank regulation and internal governance : part 2
The role of risk management and compliance in micro-prudential : chapter 4
    Overview of bank capital, leverage, and capital adequacy requirements
    Prescriptive micro-prudential regulation and compliance
The role of risk management and compliance in micro-prudential oversight : chapter 5
    General overview of Pillar II bank supervision
    Statutory and regulatory foundation of safety and soundness oversight
    The CAMELS rating system
    Prompt Corrective Action program
The role of corporate governance in macro-prudential regulation of systemic risk : chapter 6
    The role of the GFC in the formulation of macro-prudential regulation
    Risk management and compliance expectations for large BHCs
The capital solution to systemic risk : risk management and compliance implications : chapter 7
    Additional capital requirements for systemically important BHCs
    Liquidity regulation
    Pillar II stress testing programs
    Model risk management under CCAR
The structural solution to systemic risk : risk management and compliance implications : chapter 8
    Ex post approach : SPOE, OLA, and resolution plans
    Ex ante approach : reducing the impact of risky activities
The role of risk management and compliance in consumer protection regulation : chapter 9
    Overview of compliance risk in financial consumer services
    Constructing a risk management and compliance consumer protection infrastructure
    The primary areas of consumer protection law and risk management and compliance implications
The role of risk management and compliance in the payments system : AML / CFT regulation : chapter 10
    Challenges of ML and FT for risk management and compliance
    Regulatory framework and expectations for AML / CFT programs
    The AML / CFT compliance cost calculus
The future of bank regulation, risk management, and compliance : chapter 11
    The future banking business model
    Future regulatory trends and risk management and compliance implications

"Bank Regulation, Risk Management, and Compliance" is a concise yet 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. The book establishes a conceptual framework that helps readers to understand bank regulators' expectations for the risk management and compliance functions. Informed by the author's experience at a major credit rating agency in helping to design and implement a ratings compliance system, 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, more broadly, systemic risk. The book covers, in a single volume, the four areas of bank regulation and supervision and the associated regulatory expectations and firms' governance systems. Readers desiring to study the subject in a unified manner have needed to separately consult specialized treatments of their areas of interest, resulting in a fragmented grasp of the subject matter. Banking regulation has a cohesive unity due in large part to national authorities' agreement to follow global standards and to the homogenizing effects of the integrated global financial markets. The book is designed for legal, risk, and compliance banking professionals; students in law, business, and other finance-related graduate programs; and finance professionals generally who want a reference book on bank regulation, risk management, and compliance. It can serve both as a primer for entry-level finance professionals and as a reference guide for seasoned risk and compliance officials, senior management, and regulators and other policymakers. Although the book's focus is bank regulation, its coverage of corporate governance, risk management, compliance, and management of conflicts of interest in financial institutions has broad application in other financial services sectors.
Alexander Dill is Lecturer in the Financial Mathematics Program at the University of Chicago and Lecturer in Law at the UCLA School of Law. He is a recognized expert on the financial markets and the regulatory, risk management, and compliance frameworks that apply to them. He worked in the finance industry for nearly 30 years, first in private corporate law practice and subsequently at the US Securities and Exchange Commission and Moody's Investors Service.