Book review: Governance of international banking: the financial trilemma

"Governance of International Banking: The Financial Trilemma." Dirk Schoenmaker. Oxford University Press. April 2013.. --- In the aftermath of the financial crisis, the business model of international banks is under pressure. Regulators across the world are retrenching to national lines by applying restrictions on cross-border banking. Applying game theory, this book develops a model of the financial trilemma to understand the co-ordination failure among regulators. Roger McCormick finds that the book contains some excellent, succinct case studies of bank collapses in the crisis.