The Bankers' Blacklist - Julia C. Morse

The Bankers' Blacklist

Unofficial Market Enforcement and the Global Fight against Illicit Financing

(Autor)

Buch | Hardcover
258 Seiten
2022
Cornell University Press (Verlag)
978-1-5017-6151-5 (ISBN)
54,85 inkl. MwSt
In The Banker's Blacklist, Julia C. Morse demonstrates how the Financial Action Task Force (FATF) has enlisted global banks in the effort to keep "bad money" out of the financial system, in the process drastically altering the domestic policy landscape and transforming banking worldwide.


Trillions of dollars flow across borders through the banking system every day. While bank-to-bank transfers facilitate trade and investment, they also provide opportunities for criminals and terrorists to move money around the globe. To address this vulnerability, large economies work together through an international standard-setting body, the FATF, to shift laws and regulations on combating illicit financial flows. Morse examines how this international organization has achieved such impact, arguing that it relies on the power of unofficial market enforcement—a process whereby market actors punish countries that fail to meet international standards. The FATF produces a public noncomplier list, which banks around the world use to shift resources and services away from listed countries. As banks restrict cross-border lending, the domestic banking sector in listed countries advocates strongly for new laws and regulations, ultimately leading to deep and significant compliance improvements.


The Bankers' Blacklist offers lessons about the peril and power of globalized finance, revealing new insights into how some of today's most pressing international cooperation challenges might be addressed.

Julia C. Morse is Assistant Professor of Political Science at the University of California, Santa Barbara. Follow her on X @JuliaCMorse.

Introduction: Cross-Border Banking in a Globalized Era

1. A Primer on International Financial Standards on Illicit Financing

2. A Theory of Unofficial Market Enforcement

3. The FATF's Fight against Illicit Financing

4. How the Noncomplier List Drives FATF Compliance

5. Unofficial Market Enforcement against Listed Countries

6. Fighting Illicit Financing in Southeast Asia

Conclusion: The Power and Peril of Markets as Enforcers

Erscheinungsdatum
Reihe/Serie Cornell Studies in Money
Zusatzinfo 1 Diagrams; 10 Charts
Verlagsort Ithaca
Sprache englisch
Maße 152 x 229 mm
Gewicht 907 g
Themenwelt Recht / Steuern EU / Internationales Recht
Recht / Steuern Wirtschaftsrecht Bank- und Kapitalmarktrecht
Wirtschaft Betriebswirtschaft / Management Finanzierung
Betriebswirtschaft / Management Spezielle Betriebswirtschaftslehre Bankbetriebslehre
Wirtschaft Volkswirtschaftslehre Wirtschaftspolitik
ISBN-10 1-5017-6151-X / 150176151X
ISBN-13 978-1-5017-6151-5 / 9781501761515
Zustand Neuware
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