The major theme of this research has been to understand the South African banking sector’s response to environmental sustainability. The research was both qualitative and quantitative in nature. To elicit understanding of these responses, semi-structured interviews were undertaken with representatives from seven South African banks. The research interviews revolved around four core themes; the environmental drivers, environmental strategy implementation, the corresponding practices undertaken and their frame of reference according to the sustainable value framework, together with the relevant benefits and costs realised. The key research findings of the study include: all of the banks have either formalised or are in the process of formalizing a response to the pursuit of environmental sustainability; the banks either have or are in the process of developing a sustainability strategy; the growing environmental concerns and credit risks are currently the primary drivers of pursuing environmental sustainability. Furthermore, the practices adopted by the banks to pursue environmental sustainability were currently internally focused with priority for operational quick wins addressing risk and cost reduction. Based on the research findings, recommendations have been made to further enhance the pursuit of environmental sustainability. These include: integration of environmental sustainability factors in performance reporting for all business units; integration of environmental sustainability criteria in all business case assessments. Copyright / Dissertation (MBA)--University of Pretoria, 2010. / Gordon Institute of Business Science (GIBS) / unrestricted

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In this dissertation, I study the legitimacy of the Federal Reserve System. Administrative legitimacy, I argue, is an evaluative (or subjective) concept consisting of two beliefs: first, administrative institutions have a right to govern; second, they are an appropriate way to handle public tasks. After discussing scholarship on legitimacy, I examine the Federal Reserve System, asking two questions about it. First, how have its officials attempted to legitimate both their institution and their actions over time? Second, how have elected officials, scholars, and political activists attempted to (de)legitimate the Fed and its officials' actions? While answering my research questions, I tell a story about which strategies the institution's supporters have used to legitimate the Fed and which strategies the institution's opponents have used to delegitimate it. To do so, I examine two things: the public argument about the Fed's administrative legitimacy from 1970 to 1995; the Fed's interactions with its environment, those with direct implications for its legitimacy, during this time. / Ph. D.

Yes / The March 2023 bank failures of SVB, Signature and Credit Suisse, which caused turmoil in financial markets and led to regulatory and central bank intervention, revived the debate about the effectiveness of the bank crisis management, resolution and deposit insurance legal framework established after the Great Financial Crisis (GFC). Although the March 2023 events did not escalate into a full-blown financial crisis, they drew attention to certain areas of the current framework where improvements may be needed. These areas include the need of financial regulation and supervision to focus more on small and medium size banks as potential sources of systemic market events; to review the adequacy of the current deposit insurance regime and the treatment of uninsured deposits; and to provide more clarity about the order of creditor claims in case of bank resolution/insolvency. The article reviews the events of March 2023, the key lessons from these events and discusses how these lessons could shape the frameworks for Bank crisis management and resolution in India and the European Union. The two jurisdictions are in the process of updating their laws in this area and the March 2023 events could influence the relevant decisions.

This study examines the effect of independent board members on a bank's performance. Roughly 100 banks in the SIC codes of 6020, 6022, 6035, 6036 were used, with data from the year 2003. Several governance variables were also included in this study; they are CEO/Chair duality, management ownership, insider tenure and total assets. P-B, ROA, ROE and ROI measured financial performance. The effect of outside directors was insignificant. However, the results indicated that bank size positively affects how well outsiders on the board monitor the company. Also, this study suggests that management's ownership of the company increases short term performance, while insider tenure decreases it.