Global positioning for financial services / Hazel J. Johnson.

Format:

Book

Author/Creator:

Johnson, Hazel J.

Language:

English

Subjects (All):

Financial services industry.

Financial services industry--Management.

Physical Description:

1 online resource (180 p.)

Place of Publication:

Singapore ; River Edge, NJ : World Scientific, c2000.

Language Note:

English

Summary:

Global Positioning for Financial Services is a broad-based examination of the changes occurring in financial services. The forces of privatization and securitization are but two of the factors that are changing the way financial services are delivered. Technology has enabled direct sale of securities to ultimate investors in ways that have not been possible until now. Regulators must adjust their perceptions of risk and reward to maintain safe systems. Astute industry participants must have a clear understanding of these dynamics in order to develop effective strategies for the future.

Contents:

Contents; 1. Transformation in Financial Services; Introduction; The Traditional Roles; The Industry Transformation; Changing Market Shares; The New Global Banking Environment; Foreign Bank Presence; Conclusion; Selected References; 2. International Variations; Introduction; Banking in an International Context; The United States; The United Kingdom; Canada; Germany; France; Switzerland; Japan; The Structural Differences; Average Size; Population per Bank; Comparative Bank Services; Payment Mechanisms; Expanding Technology; Corporate Services; The Shrinking Top-Tier Corporate Clientele

Emphasis on Fee IncomeSecurities Operations; Insurance; Conclusion; Selected References; 3. Driving Forces of Change; Introduction; Euromarkets; Currency Markets; Bond Markets; Commercial Paper Market; Equities; Deregulation; The Need for Change; Legislative Changes; The Deposit Insurance Crisis; FDIC Improvement Act of 1991; Restoration of the U.S. Insurance Funds; Deregulation in Other Countries; The European Union; Development of the Single European Market; Banking Directives and the Single Passport; Economic and Monetary Union; Conclusion; Selected References; 4. Regulatory Influences

IntroductionThe Need for Regulation; Liquidity Standards; Loan Concentration; Capital Standards; Trends in Regulation; More Formal Regulation; International Coordination; The United States; Active Consumer Protection; Benign Neglect of the Banks; Edge Act and Agreement Corporations; The McFadden Act; The Glass-Steagall Act; Growth of International Banking; The Bank Holding Company Act; Regulation K; International Banking Act; The FDIC Improvement Act of 1991; An Appeal to Government; The United Kingdom; Germany; Japan; Conclusion; Selected References; 5. Best Practices; Introduction

Innovation in the United StatesLoan Sales; Asset-Backed Securities; Indexed CDs; Swaps; Mezzanine Finance; U.S. Bank Management; Universal Banking in Germany; Client Relations; German Bank Management; International Traditional in the United Kingdom; A Diverse Financial Market; British Bank Management; The Quest for International Competitiveness in Japan; Measured Steps Toward Internationalization; Japanese Bank Management; Conclusion; Selected References; 6. Forging Financial Services Alliances; Introduction; Within the United States; Mutual Funds; Securities Trading and BankAmerica

Regional ExpansionEuropean Alliances and Investment Banking; Greater China and Alliances with Western Banks; Conclusion; Selected References

Notes:

Description based upon print version of record.

Includes bibliographical references (p. 165-166).

ISBN:

9789812793669

9812793666