in Chapter 9, Georgina Tsagas addresses the efficacy of the UK/EU legal framework regulating the market for corporate control in the banking industry. With reference to a series of case studies, including the RBS takeover of ABN-AMRO prior to the global financial crisis, the chapter specifically examines whether the market for corporate control in the banking industry functions perversely, how this function affects and is affected by prudential concerns and whether the parties involved in an offer effectively discharge their roles respectively. The chapter highlights the consequences that may flow from a failed change in the corporate control of a bank and ultimately questions the shareholder primacy norm followed in the case of banks proposing regulatory reforms in the interests of prudence.
|Title of host publication||The Law on Corporate Governance in Banks|
|Editors||Iris H-Y Chiu, Michael McKee|
|Publisher||Edward Elgar Publishing|
|Number of pages||336|
|Publication status||Published - Feb 2015|
|Name||Financial Law and Practice Series|