Global Positioning for Financial Services

by Johnson, Hazel J.

• ISBN13: 9789810242466
• ISBN10: 9810242468
• Format: Hardcover
• Copyright: 2000-09-01
• Publisher: WORLD SCIENTIFIC PUB CO INC

Summary

Sorts out the dynamics of the banking industry in the United States, Canada, the United Kingdom, Germany, France, Switzerland, Japan, and China. Describes current banking practices and future market trends.

Table of Contents

Preface	vii
Transformation in Financial Services	1	(10)
Introduction	1	(1)
The Traditional Roles	2	(1)
The Industry Transformation	3	(1)
Changing Market Shares	4	(4)
The New Global Banking Environment	5	(1)
Foreign Bank Presence	6	(2)
Conclusion	8	(2)
Selected References	10	(1)
International Variations	11	(38)
Introduction	11	(1)
Banking in an International Context	11	(9)
The United States	11	(1)
The United Kingdom	12	(1)
Canada	13	(2)
Germany	15	(1)
France	16	(1)
Switzerland	16	(2)
Japan	18	(2)
The Structural Differences	20	(1)
Average Size	20	(1)
Population per Bank	21	(1)
Comparative Bank Services	21	(13)
Payment Mechanisms	21	(12)
Expanding Technology	33	(1)
Corporate Services	34	(3)
The Shrinking Top-Tier Corporate Clientele	34	(2)
Emphasis on Fee Income	36	(1)
Securities Operations	37	(5)
Insurance	42	(2)
Conclusion	44	(2)
Selected References	46	(3)
Driving Forces of Change	49	(30)
Introduction	49	(9)
Euromarkets	50	(1)
Currency Markets	50	(3)
Bond Markets	53	(3)
Commercial Paper Market	56	(1)
Equities	57	(1)
Deregulation	58	(10)
The Need for Change	58	(2)
Legislative Changes	60	(3)
The Deposit Insurance Crisis	63	(3)
FDIC Improvement Act of 1991	66	(1)
Restoration of the U.S. Insurance Funds	66	(1)
Deregulation in Other Countries	66	(2)
The European Union	68	(7)
Development of the Single European Market	69	(1)
Banking Directives and the Single Passport	70	(1)
Economic and Monetary Union	71	(4)
Conclusion	75	(2)
Selected References	77	(2)
Regulatory Influences	79	(38)
Introduction	79	(1)
The Need for Regulation	79	(5)
Liquidity Standards	79	(2)
Loan Concentration	81	(1)
Capital Standards	82	(2)
Trends in Regulation	84	(7)
More Formal Regulation	84	(2)
International Coordination	86	(5)
The United States	91	(12)
Active Consumer Protection	91	(3)
Benign Neglect of the Banks	94	(1)
Edge Act and Agreement Corporations	95	(1)
The McFadden Act	95	(1)
The Glass-Steagall Act	96	(1)
Growth of International Banking	97	(1)
The Bank Holding Company Act	98	(2)
Regulation K	100	(1)
International Banking Act	101	(1)
The FDIC Improvement Act of 1991	101	(1)
An Appeal to Government	102	(1)
The United Kingdom	103	(4)
Germany	107	(3)
Japan	110	(3)
Conclusion	113	(1)
Selected References	114	(3)
Best Practices	117	(36)
Introduction	117	(1)
Innovation in the United States	117	(17)
Loan Sales	117	(3)
Asset-Backed Securities	120	(3)
Indexed CDs	123	(1)
Swaps	124	(2)
Mezzanine Finance	126	(2)
U.S. Bank Management	128	(6)
Universal Banking in Germany	134	(6)
Client Relations	134	(4)
German Bank Management	138	(2)
International Traditional in the United Kingdom	140	(5)
A Diverse Financial Market	141	(1)
British Bank Management	142	(3)
The Quest for International Competitiveness in Japan	145	(5)
Measured Steps Toward Internationalization	146	(3)
Japanese Bank Management	149	(1)
Conclusion	150	(1)
Selected References	151	(2)
Forging Financial Services Alliances	153	(12)
Introduction	153	(1)
Within the United States	153	(6)
Mutual Funds	153	(2)
Securities Trading and BankAmerica	155	(1)
Regional Expansion	156	(3)
European Alliances and Investment Banking	159	(3)
Greater China and Alliances with Western Banks	162	(2)
Conclusion	164	(1)
Selected References	165