The Evolution of Banking Legitimacy

Shareholder Activism, Systemic Risk, and the Future of Prudential Governance
Erscheinungsjahr 2027
ISBN: 978-3-032-44046-4
Verlag: Palgrave Macmillan

Buch, Englisch, Format (B × H): 148 mm x 210 mm

Reihe: Palgrave Macmillan Studies in Banking and Financial Institutions

This book examines how banking legitimacy has shifted from post-war structural protection to today’s regime of reputational exposure shaped by shareholder activism, regulatory scrutiny, and public expectations. Drawing on comparative cases from the UK, US, and Japan, the book traces the erosion of inter-bank solidarity, the rise of investor and social activism, and the resulting “governance paradox” whereby mechanisms designed to enhance accountability can undermine prudential stability. It proposes a framework of prudential alliances—adaptive, trust-based cooperation among regulators, institutional investors, and banks—to enable regulated activism that reinforces rather than destabilises prudential governance. Through historical analysis (e.g., the Chemical Bank/Leasco episode), case illustrations (Barclays, Deutsche Bank, Wells Fargo, Mitsubishi UFJ; BNP Paribas, HSBC, JPMorgan), and an interpretive prudential matrix, the book shows how reputation functions as institutional capital and as the medium of contemporary financial governance. Bridging financial regulation, corporate governance, and political economy, this book will be of interest to scholars, policymakers, and practitioners particularly interested in shareholder activism and risk.

Zielgruppe

Research

Autoren/Hrsg.

Sugeno, Saori

Fachgebiete

• Rechtswissenschaften Wirtschaftsrecht
• Wirtschaftswissenschaften Volkswirtschaftslehre Wirtschaftspolitik, politische Ökonomie
• Wirtschaftswissenschaften Betriebswirtschaft Unternehmensorganisation, Corporate Responsibility Unternehmenskultur, Corporate Governance
• Interdisziplinäres Wissenschaften Wissenschaften: Forschung und Information Risikobewertung, Risikotheorie
• Wirtschaftswissenschaften Betriebswirtschaft Management
• Wirtschaftswissenschaften Finanzsektor & Finanzdienstleistungen Finanzsektor & Finanzdienstleistungen: Allgemeines

Inhaltsverzeichnis

Chapter 1: Introduction.- Part I – Foundations: From Structural Protection to Reputational Exposure.- Chapter 2: The Chemical Bank Moment: Origins of the Fragile Fortress.- Chapter 3: From Moral Voice to Market Power: The Global Rise of Activism.- Chapter 4: Shareholder Activism and the Governance Paradox in Banking.- Part II – Exposure and Contradiction: Banks as Agents and Objects of Activism.- Chapter 5: The Paradox of Enablement: How Banks Finance Activism.- Chapter 6: The Prudential Matrix: Rethinking Activism Through Prudence.- Part III – Regulation and Adaptation: From Reaction to Prudential Governance.- Chapter7: Constructive and Destabilising Activism: Towards Regulated Engagement.- Chapter 8: Reputation and Prudence: Governance Beyond Compliance.- Chapter 9: Regulated Activism and Prudential Alliances: Building the New Shield.- Part IV – Outlook: The Future of Prudential Legitimacy.- Chapter 10: The Evolving Fortress.- Chapter 11: Conclusion – From defensive legitimacy to prudential alliances; practical implications for regulators, investors, and banks.

Über Autor(innen)

Saori Sugeno is Senior Lecturer in Finance and Corporate Governance at the University of Surrey and an Associate of the Møller Institute, University of Cambridge, UK. Her research spans international corporate governance, shareholder activism, reputational risk, and prudential regulation. She is author of  (2025) and has published on activism in . Previously, she was Senior Economist and Executive Director at Daiwa Capital Markets Europe.