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Crises and OpportunitiesThe Shaping of Modern Finance$
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Youssef Cassis

Print publication date: 2011

Print ISBN-13: 9780199600861

Published to Oxford Scholarship Online: May 2011

DOI: 10.1093/acprof:oso/9780199600861.001.0001

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Governance

Governance

Chapter:
(p.70) 4 Governance
Source:
Crises and Opportunities
Author(s):

Youssef Cassis (Contributor Webpage)

Publisher:
Oxford University Press
DOI:10.1093/acprof:oso/9780199600861.003.0005

This chapter discusses two questions that seem particularly relevant in the context of financial crises. The first concerns the extent to which bankers and financiers have been held responsible for the outbreak of financial crises. The second is the impact of financial crises on the governance of financial firms, in particular the evolution of ownership and control. Both questions are linked to the place and role of financial elites in economy and society.

Keywords:   financial crisis, financial regulation, banking regulation, ownership, control

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