Investing in Change

These are tumultuous times for the banking industry in Europe. The financial crisis that erupted in 2008 has rarely been out of the headlines since.

Yet this has not been solely a period of crisis management. It has also been a time of positive change and reform, involving self-examination by the banks; tough scrutiny by governments, regulators and the public; and a general determination to ensure that this crisis never happens again.

This book seeks to explain what has been going on. Commissioned by the Association for Financial Markets in Europe, it is a collection of essays by some of the leading authorities in the field - senior regulators, specialists on pay and management, corporate CEOs and political and academic experts - about the reshaping of Europe's banking sector.

What has changed, and what still has to change? What has gone wrong, and how is it being put right? What are the challenges ahead for this vital industry and those who oversee it? The debate continues, and this volume is an essential contribution.

Autorentext
Gaël de Boissard is chairman of the Association for Financial Markets in Europe (AFME) and a managing director at Credit Suisse in London.Hans-Paul Bu¨rkner has been president and chief executive officer of the Boston Consulting Group (BCG) since 2003.Hugo Dixon is the founder, editor-in-chief and chairman at Reuters Breakingviews, a leading international source of online financial commentary.Tom Gosling is a partner at PricewaterhouseCoopers and leader of the firm's UK reward practice, advising companies and remuneration committees on executive compensation.Andrew Gowers is strategic communications consultant to AFME and a former Editor of the Financial Times.Simon Lewis has been chief executive of AFME since October 2010, and was previously director of communications and the prime minister's official spokesman at 10 Downing Street.Alan Morrison is a fellow of Merton College Oxford and lectures in economics and management at Oxford University's Saïd Business School.Avinash D. Persaud is chairman of Elara Capital, PBL and Intelligence Capital, and a board director of RBC Latin America & the Caribbean.Sir Martin Sorrell is founder and CEO of WPP, the world's largest communications services group.Paul Tucker has been deputy governor, financial stability, at the Bank of England since March 2009. He is a member of the Monetary Policy Committee, the Financial Policy Committeeand the bank's Court of Directors.Baroness Shriti Vadera advises companies, funds and governments on strategy, finance and restructuring, and was a key architect of the UK bank recapitalisation plan.William J. Wilhelm Jr is William G. Shenkir Eminent Scholar at the University of Virginia's McIntire School of Commerce, and is an investment banking specialist whose teaching interests include corporate finance and financial engineering.Eddy Wymeersch is chairman of the Public Interest Oversight Board, overseeing standard-setting in the field of auditing, and has acted as an adviser to the European Commission and several European financial institutions and stock exchanges, and as a consultant to the World Bank and IFC.Rupert Younger is the founder director of the Oxford University Centre for Corporate Reputation based at Oxford University's Saïd Business School.