Description: Further DetailsTitle: The Bankers' BlacklistCondition: NewSubtitle: Unofficial Market Enforcement and the Global Fight against Illicit FinancingISBN-10: 150176151XEAN: 9781501761515ISBN: 9781501761515Publisher: Cornell University PressFormat: HardbackRelease Date: 01/15/2022Description: 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.Language: EnglishCountry/Region of Manufacture: USItem Height: 229mmItem Length: 152mmItem Weight: 28gAuthor: Julia C. MorseGenre: Business & FinanceBook Series: Cornell Studies in MoneyTopic: Law & PoliticsItem Width: 25mmRelease Year: 2022 Missing Information?Please contact us if any details are missing and where possible we will add the information to our listing.
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Publication Name: The Bankers' Blacklist
Title: The Bankers' Blacklist
Subtitle: Unofficial Market Enforcement and the Global Fight against Illici
ISBN-10: 150176151X
EAN: 9781501761515
ISBN: 9781501761515
Release Date: 01/15/2022
Release Year: 2022
Country/Region of Manufacture: US
Series: Cornell Studies in Money
Book Title: Bankers' Blacklist : Unofficial Market Enforcement and the Global Fight Against Illicit Financing
Number of Pages: 258 Pages
Language: English
Publisher: Cornell University Press
Item Height: 1 in
Topic: Banks & Banking, Political Economy, Finance / General, Banking
Publication Year: 2022
Illustrator: Yes
Genre: Law, Political Science, Business & Economics
Item Weight: 32.1 Oz
Item Length: 9 in
Author: Julia C. Morse
Item Width: 6 in
Book Series: Cornell Studies in Money Ser.
Format: Hardcover
