The U.S. Banking System: Laws, Regulations, and Risk Management [Paperback]

The U.S. banking system differs from many countries both in the range of services supplied and the complexity of operations. Meanwhile, the U.S. financial markets have become the attraction of worldwide investors. This book explains the three key aspects of the industry: the laws governing the banking institutions, the regulations thereof, and their economics and financial statements in a manner not covered by any competitive publications, of interest to both professionals and scholars who want to better grasp this industry. Auditing a bank and/or liquidating a bank require a set of rules not always well understood. The book provides such an overview.

Chapter 1: Overview of the US Banking System.- Part 1: The Legal Background.- Chapter 2: Banking Laws.- Chapter 3: The Crypto-currency regulations.- Chapter 4: Anti-Money Laundering Laws.- Part 2: Actors: Regulators and Banks.- Chapter 5: The Regulators.- Chapter 6: Commercial Banks and Saving Banks.- Chapter 7: Investment Banks.- Chapter 8: Merchant Banks.- Chapter 9: Credit Union.- Chapter 10: Public Bank - Bank of North Dakota (BND).- Part 3: Risk and Bank Regulation.- Chapter 11: Risks in the Banking Industry.- Chapter 12: Banking Regulation.- Chapter 13: Banks Capital Adequacy.- Chapter 14: Comprehensive Capital Analysis and Review (CCAR) & The Dodd-Frank Stress Testing.- Part 4: Financial Statements and Statement Analysis.- Chapter 15: Commercial Banks Financial Statements.- Chapter 16: Commercial Banks Financial Ratios Analysis.- Part 5: Auditing and Bankruptcy.- Chapter 17: Bank Audit Systems.- Chapter 18: Bank Bankruptcy.

Felix I. Lessambo is an Associate Professor at Central Connecticut State Universitys School of Business where he teaches Financial Statements Analysis and Global Financial Reporting. He has practiced international tax, transfer pricing, and alternative investment management groups where he structured and advised on hedgelÓ.