Private Finance, Public Power
A History of Bank Supervision in America
$74.86
- Hardcover
424 pages
- Release Date
30 September 2025
Summary
The strange and contested evolution of the management of banking risk
Banks in America are private institutions with private shareholders, boards of directors, profit motives, customers, and competitors. And yet the public plays a key role in deciding what risks are taken as well as how, when, and to what end. Public-private negotiations over financial governance has evolved into an essential ecosystem of banking risk management. In Private Finance, Public Power
Book Details
| ISBN-13: | 9780691232829 |
|---|---|
| ISBN-10: | 0691232822 |
| Author: | Peter Conti-Brown, Sean H. Vanatta |
| Publisher: | Princeton University Press |
| Imprint: | Princeton University Press |
| Format: | Hardcover |
| Number of Pages: | 424 |
| Release Date: | 30 September 2025 |
| Weight: | 774g |
| Dimensions: | 156mm x 235mm |
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Critics Review
“It is the most entertaining book about banking supervision ever written.”—Trevor Jackson, New York Review of Books
“Conti-Brown and Vanatta, through deep historical research and tales of key individuals, chart the U.S.’s bank supervisory pendulum from the Constitution through the 1970s. It’s a story of competing theories of capitalism, banking and risk management that is essential reading for the modern moment. As a wave of new bank regulators descends on Washington less than two years after three historic bank failures, bank supervision is at a pivotal moment. “Private Finance, Public Power” holds countless insights for bank supervision stakeholders to at least only make new mistakes.”—Steven Kelly, American Banker
”“Rich tapestry””—Kathryn Judge, American Affairs
Peter Conti-Brown
Peter Conti-Brown is the Class of 1965 Associate Professor of Financial Regulation at The Wharton School of the University of Pennsylvania and a nonresident fellow in economic studies at the Brookings Institution. He is the author of The Power and Independence of the Federal Reserve and the coauthor of The Law of Financial Institutions.
Sean H. Vanatta is senior lecturer in financial history and policy at the University of Glasgow and nonresident fellow at the Julis-Rabinowitz Center for Public Policy and Finance at Princeton University. He is the author of Plastic Capitalism: Banks, Credit Cards, and the End of Financial Control.
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