Your cart is empty
This book focuses on Fintech regulation in Asian, situating local developments in broader economic, regulatory and technological contexts. Over the last decade, Fintech - broadly defined as the use of new information technologies to help financial institutions and intermediaries compete in the marketplace - has disrupted the financial services sector. Like other 21st century technological developments, Fintech is a global phenomenon that plays out in local economic, political and regulatory contexts, and this dynamic interplay between global trends and local circumstances has created a complex and fast-changing landscape. Diverse stakeholders (most obviously incumbent financial service providers, tech start-ups and regulators) all pursue a competitive edge against a background of profound uncertainty about the future direction and possible effects of multiple emerging technologies. Compounding these difficulties are uncertainties surrounding regulatory responses. Policymakers often struggle to identify appropriate regulatory responses and increasingly turn to policy experimentation. Such issues add to the challenges for the various actors operating in the Fintech space. This situation is particularly fluid in Asia, since many jurisdictions are seeking to establish themselves as a regional hub for new financial services.
This book reviews problems with credit use and causes of indebtedness among young adults, while uncovering possibilities to encourage a healthier attitude towards loans in this segment of the population. Both consumption loans and mortgages are covered in order to adequately represent real-world credit use by young people about to enter adulthood. It focuses on three distinctive actors: the legislative authorities, the financial institution, most commonly a bank, and finally the individual borrower. More specifically, the book discusses the functioning of these three entities in the context of young adults borrowing behaviour, and would appeal to academics, researchers and students of financial institutions and banking.
Banks of all sorts are troubled institutions. The cost of public
bail-outs associated with the subprime crisis in the United States
alone may be as high as $2 trillion. What is the problem with
banks? Why do they seem to be at the center of economic and
financial turmoil down through the ages? In this provocative and
timely book, Rethel and Sinclair seek answers to these questions,
arguing that banks suffer from perennial problems, and that
developments in the financial markets and government in recent
decades have simply exacerbated these issues.
This Palgrave Pivot explores the recent financial crisis from a new perspective. Reflecting on 40 years of banking experiences, the book will open new avenues to understanding banking and comment on possible ways to rehabilitate banking organisations. In 1965 the Bank of Ireland received a consultancy report from McKinsey & Company, which heralded a new phase in banking practice and organisation. In the years that followed, the Bank of Ireland opened up its once traditional culture to outside influences changing the way work was done and workers were viewed. Direct competition was introduced alongside specialisation of roles, and hence college education was identified as the way to meet demands of the market and bankers began to develop a full suite of products to keep customers loyal. The once professional bank manager who was a guardian of good practice eventually became absorbed into the needs of the leviathan organisation. The end result is an unimaginable and interlinked financial crisis in 2008 that swept across Ireland and the globe. This book explores banking organisation and practice as it transforms and across the period from 1960 to 2018. It argues that organisational goals over individual responsibility paved the pathway towards crisis. Organisationally, anxiety and fear of failure took the place of certainty and stability. While the financial crisis is coming to an end, banking organisations remains fragile and prone to influences that may lead them towards a path of continuous cycles of boom and bust. Such a state has the potential to create an unending cycle of boom and bust and the end of stability and the institution of banking. This book shines a light on that and will be of interest to banking and finance researchers, students, and practitioners.
"This new book on retail banking is both readable and innovative.
Its analysis is unusually accessible in its style, and the book's
conclusions and predictions will be rightly thought provoking. The
customer is gaining real power and this new book's insights on the
importance of leadership, the need to unleash creativity and to
make a bank's IT and people resource work together more effectively
for customer satisfaction are important pointers to the shape of
future competitive differentiation."
"A stimulating read. A readable and lively book that is always
informative, sometimes controversial and invariably challenging.
The authors don't expect readers to agree with it all, but the
readers will undoubtedly gain some fresh insights and perspectives
on the multiple issues facing management in a rapidly changing
"This book is clear enough for the layman and thorough enough
for any banker to obtain an excellent sense of the options for
successful strategies for their retail businesses. The challenges
of technology introduction, cost of production and scope of service
are driving banks into responses increasingly similar to other
industry sectors. These forces have been apparent for some years
but are so evident now they can no longer be ignored. This book
provides an excellent guide to mapping that future."
"This is a useful guide to retail banking that provides a
thought-provoking view on the state of The Art (of Better
RetailBanking). Clearly retail banking can get better, and must! To
steal an analogy from the conclusion, there is a sea change going
on - consumers are looking more and more for greater simplicity and
value, and so many banks are still making such heavy weather of it.
This book does a good job of charting the current
"A whistle-stop tour of all aspects of retail banking. This is a
very readable and insightful real world mix of theory, strategy,
tactics and practice. They have even managed to make banking sound
exciting. But mostly they have been able to cut through the
complexity to remind us all that success in retail banking is not
just about finance and efficiency - it is about customers and
staff, who are all too often forgotten about."
"The authors live up to their promise of providing managers and
students with a clear exposition of the retail banking sector and
how banks can confront the challenging future they face. This book
is a practical manual with lots of useful advice. I was looking for
new insights in this book - and I found them!"
"A key determinant of any organisation's success will be an
enhanced understanding of 'value' as defined by customers,
employees, shareholders and other stakeholders. Value can mean
different things to these different groups, and this book has set
itself the objective of identifying the approaches that will
improve the value proposition for all of theseinterested parties.
It achieves this objective."
"An enjoyable and useful read. It provides a good perspective on
the role of IT and how IT suppliers and professionals need to
contribute to future developments in retail banking strategy and
implementation. It helps provide guidance for the significant
challenges ahead for both suppliers and the Banks."
"Full of interesting insights into the real levers of successful
retail banking, and how these might change in future. The authors'
practical experience and enthusiasm for banking shines
"The mix of marketing strategies and accessible economics gives
an invaluable insight into how retail banking actually works and
where banking may be going in the future. Anybody connected with
retail banking should find this though provoking and inspirational.
Some of the models predicted make great sense and should worry
Florian Mueller empirically investigates how retail, private, and corporate banking institutions need to set up their sales management control strategy in accordance to their specific environment, business strategy, and organizational characteristics in order to increase performance.
Management of Financial Institutions, 2nd Edition is the Australian adaptation of the highly regarded U.S. text by George Hempel and Donald Simonson, Bank Management. This new edition presents a comprehensive overview of the Australian financial institutions sector, introducing students to the regulatory environment and the key functions of financial institutions. The four part structure provides thorough instruction on measuring the financial performance of the financial institution, asset and liability management, security portfolio management, bank lending and credit risk management and the fundamentals of forward rates, options and hedging activities.
The inside story of what really happened at Lehman Brothers and why it failed
In The Devil's Casino: Friendship, Betrayal, and the High Stakes Games Played Inside Lehman Brothers, investigative writer and Vanity Fair contributing editor Vicky Ward takes readers inside Lehman's highly charged offices. What Ward uncovers is a much bigger story than Lehman losing at the risky game of collateralized debt obligations, swaps, and leverage.
A can't put it down page turner that opens the world of Wall Street to view unlike any book since Bonfire of the Vanities, except that The Devil's Casino isn't fiction.Details what went on behind-the-scenes the weekend Lehman Brothers failed, as well as inside Lehman during the twenty years preceding itDescribes the feudal culture that proved both Lehman's strength and its Achilles' heelWritten by Vicky Ward, one of today's most connected business and finance writers
On Wall Street, Lehman Brothers was cheekily known as "the cat with nine lives." But as The Devil's Casino documents, this cat pushed its luck too far and died?the victim of men and women blinded by arrogance.
This compelling contribution to contemporary debates about the banking industry offers a unique perspective on its geographical and conceptual 'placement'. It traces the evolving links between the two, revealing how our notions of banking 'productiveness' have evolved alongside the shifting loci of banking activity.An original contribution to the urgent debates taking place on banking sparked by the current economic crisis Offers a unique perspective on the geographical and social concept of 'placement' of the banking industryCombines theoretical approaches from political economy with contemporary literature on the performativity of economicsDetails the globalization of Western banking, and analyzes how representations of the banking sector's productiveness have shifted throughout the evolution of Western economic theoryAnalyzes the social conceptualization of the nature - and value - of the banking industryIlluminates not only how economic ideas 'perform' and shape the economic world, but how those ideas are themselves always products of particular economic realities
From Crisis to Crisis examines the impact of the harsh conditions of the interwar economy on the British merchant banks. The financial crises of 1914 and 1931 are assessed using primary sources. The competitive threats, including the rise of New York as a rival financial centre, are considered. It challenges alleged special treatment and provides fresh perspectives on the interwar rationalisation of industry. During the late nineteenth century, Britain's merchant banks had become pre-eminent in a world of fixed exchange rates, free trade and the unfettered mobility of international capital. This world was increasingly challenged in the interwar period, being replaced by floating exchange rates, trade protectionism and restrictions on capital movements. This book fills a gap in the historiography of British banking by recovering the histories of long-forgotten merchant banks rather than focusing on the better-known firms. Using a wide range of archival resources, it traces the strategic transformation by some merchant banks from higher-risk, capital intensive activities to lower-risk, advisory services. Brian O'Sullivan has been jointly awarded the 2019 BAC Wadsworth Prize for From Crisis to Crisis: The Transformation of Merchant Banking 1914-1939. It was judged by the Business Archives Council (BAC) to have made an outstanding contribution to the study of British business history. Brian shared the prize with Professor Priya Satia of Stanford University in California.
Big data and predictive analytics have become extremely relevant to all business domains, especially for the position of CEOs. Predictive analytics makes use of the variety and the volume of big data to provide analysis and understanding of what happened in the past, and, by taking advantage of the identified schemes and trends, it uses sophisticated algorithms to predict the future as accurately as possible. It is essentially a science about understanding customer behavior when making purchases on ecommerce sites, tracking and modeling market and price dynamics, and finding the correlation between internal and external financial factors. SAS, a software package recognized as an industry leader in analytics, provides the most comprehensive, integrated and easy-to-use reporting and analysis features on big data, either on a desktop computer or on the go. Its toolboxes for business analytics and business intelligence can mine, alter, manage and retrieve data from a variety of data sources. SAS performs statistical analysis and provides a graphical point-and-click user interface for non-technical users. It also offers more advanced options through the SAS programming language. SAS offers functions for descriptive statistics, such as calculating mean, standard deviation, correlation, regression and analysis of variance, and it represents data both in tabular and graphic formats. The main features that allow SAS users to perform business analytics tasks include: reading and accessing data, combining and manipulation of data, modeling and analytics with linear regression, SAS programs for repetitive analysis, presentation of output results in proper format, as well as interpretation of results and their connection with other (external) software tools. SAS allows business users to find relationships in data, by structuring and analyzing data stored in different IT systems within their company. Importantly, SAS also combines this data with external data sources, such as social networks and/or market research tools, to derive new knowledge relevant to the company business. This edition describes practical business analytics practices using SAS. It consists of three sections: basic SAS features, advanced data manipulation functions in SAS, and practical business analytics performed by SAS. Section 1 covers different statistic functions implemented in SAS, explaining descriptive statistics, frequencies, reading and accessing data, combining and manipulation of data, and modeling and analytics with linear regression. Section 2 covers advanced data manipulation and analytics with SAS, explaining creation and recording of variables, sub-setting variables and observations, labeling data, variables and values, using Proc sort and `By' statement, concatenating (stacking) SAS data files, etc. Section 3 covers practical business analytics case studies using SAS, describing how to get meaningful information with SAS high-performance analytics, the SAS enterprise data integration server, data entry in the SAS Strategy Management tool, building interactive, data-driven dashboard applications with the SAS Business Intelligence Dashboard, and applications of spatial data using SAS business analytics.
The way consumers have done banking has dramatically changed in the last 20 years since with the introduction of e-banking. With this there has been changes within the banking industry in ways of the implementation of multidisciplinary processes within individual banking organisations. This book with be looking at a wide range of published research looking at different areas of e-banking, ranging from how it effects consumers to different processes that this form of banking influences both in developing and developed countries. The chapters will be looking at the usability and trust of e-banking, determining if the consumer see e-banking as an important role and if they trust the banking security measures and how security models and architecture electronic banking; looking at the how they have adopted the system and still provided the banking services. Also, having a look at how this new making system has been implemented into different countries including developing countries, this includes behaviour models. With relation to management, how the supply change is different or changed in finance and how banks are determining risk management. Then looking at how e-banking and if market research has been influenced and how banks have used this data within management.
Interchange fees have been the focal point for debate in the card industry, among competition authorities and policy makers, as well as in the economic literature on two-sided markets and on the regulation of market failures. This book offers insight into the economics of interchange fees. First, it explains the nature of two-sided markets/platforms/networks and elaborates on four-party schemes and on the rationale behind interchange fees according to Baxter's model and its later refinements. It also includes the debate about the optimum level of interchange fees and its determination ("tourist test"), and presents the original framework for assessing the impact of interchange fee regulatory reductions for the market participants: consumers, merchants, acquirers, issuers, and card organisations. The framework addresses three areas of concern in reference to the transmission channels of interchange fee reductions (pass-through) and the card scheme domain (triangle: payment organisation, issuer, acquirer). The book discusses the effects of regulatory interchange fee reductions in Australia, USA, Spain, and, most specifically, Poland. It will be of interest to policy makers, card and payments industry practitioners, academics, and students.
Banking in India has a long history and it has evolved over the years passing through various phases. The beginning of modern day banking in India can be traced to 18th century when English traders came to India. The English Agency Houses in Calcutta and Bombay began to conduct banking business besides their commercial activities. Banking in India during the pre-Independence period was largely characterised by the existence of private banks organised as joint stock companies. Most banks were small and had private shareholding of the closely-held variety. They were largely localised and many of them failed. At the time of Independence in 1947, the Indian banking system was weak. The entire banking sector was in the private sector and the credit requirements of agriculture and other needy sectors were ignored. With a view to better aligning the banking system to the needs of planning and economic policy, the policy of social control over the banking sector began in 1967. The year 1969 was a landmark in the history of commercial banking in India. In July of that year, the Government nationalised 14 major commercial banks of the country. In April 1980, Government nationalised 6 more commercial banks. The period beginning from the early 1990s witnessed the transformation of the banking sector as a result of financial sector reforms that were introduced as a part of structural reforms initiated in 1991. This book integrates and brings together the history of modern banking in India, with focus on recent developments in the context of liberalisation and privatisation wave sweeping across world economies.
Fintech has emerged as one of the fastest growing sectors in the financial services industry and has radically disrupted traditional banking. However, it has become clear that for both to thrive, the culture between fintech and incumbent firms must change from one of competition to collaboration. The Financial Services Guide to Fintech looks at this trend in detail, using case studies of successful partnerships to show how banks and fintech organizations can work together to innovate faster and increase profitability. Written by an experienced fintech advisor and influencer, this book explains the fundamental concepts of this exciting space and the key segments to have emerged, including regtech, robo-advisory, blockchain and personal finance management. It looks at the successes and failures of bank-fintech collaboration, focusing on technologies and start-ups that are highly relevant to banks' product and business areas such as cash management, compliance and tax. With international coverage of key markets, The Financial Services Guide to Fintech offers practical guidance, use cases and business models for banks and financial services firms to use when working with fintech companies.
Bank foundations serve an important purpose in the Italian nonprofit sector. This book presents the legal grounds, areas of intervention, and basic tools involved in the asset management and grant-making activities that such organizations undertake. A special emphasis focuses on the analyses of the organizational structure of bank foundations and the relevant aspects of governance, particularly with regard to the composition, roles, and responsibilities of bank foundation boards. The general reduction in the resources to which they have access requires a new strategy that clearly defines long-term goals and the necessary procedures to achieve them. The topic of strategic planning is therefore also central to this text, which examines its peculiarities, content and governing bodies. The analysis of some case studies provides a better understanding of the manner in which foundations interpret strategic planning and reveals strengths and weaknesses that demand careful attention.
As Ignazio Visco, Governor of the Bank of Italy, says in his Foreword, all economic policy makers today need to re-examine our history to help them confront the challenges of today. This edited volume focuses specifically on the theme of financial innovation and how financial resiliency was achieved in Naples. To highlight both the achievements of the public banks of Naples and their lessons for financial resiliency, the book focuses on financial crises and how they were overcome in Naples in contrast to other European financial systems. The first section focuses on the development of the public banks unique to Naples. The second section compares those with other banking systems and how they responded to the same shock in 1622, caused by the full mobilization of European belligerents to finance their efforts in the Thirty Years War. The next section compares lessons learned in the rest of Europe over the next century and a half. The final section comes back to original start of the narrative arc to suggest ways that today's policymakers and thinkers could use the historical experience of the public banks of Naples to deal better with the ongoing problems stemming from the financial crisis of 2007-08.
"Vera Smith's book remains an authoritative and accurate summary of the theoretical arguments for and against free banking, a subject that has recently received renewed attention."--Milton Friedman, Hoover Institution"The Rationale of Central Banking" was first published in England in 1936. Vera Smith spent her professional career in a variety of research positions. She wrote articles and books on money, banking, economic development, and the labor market and translated into English books by Wilhelm Ropke, Oskar Morgenstern, and Fritz Machlup.This book provides a scholarly review and judicious assessments of the experience and theory that bear on the issues of free banking and central banking. Its wide-ranging discussion identifies both the fallacies in the arguments for central banks and the influential fallacies in the arguments against free banking. Vera Smith's work should play a prominent role in any reappraisal of our monetary institutions.Leland B. Yeager is Ludwig von Mises Distinguished Professor of Economics at Auburn University.
You may like...
The Most Important Concepts in Finance
Benton E. Gup Hardcover R3,047 Discovery Miles 30 470
Currency, Credit and Crisis - Central…
Patrick Honohan Paperback R683 Discovery Miles 6 830
Risk Management and Capital Adequacy
Reto Gallati Hardcover
Banking in Oklahoma Before Statehood
Michael J Hightower Hardcover R841 Discovery Miles 8 410
Balancing the Regulation and Taxation of…
Sajid M. Chaudhry, Andrew W. Mullineux, … Hardcover R2,151 Discovery Miles 21 510
All You Need To Know About The City
Christopher Stoakes Paperback R359 Discovery Miles 3 590
Handbook of International Banking
Andrew W. Mullineux, Victor Murinde Paperback R1,569 Discovery Miles 15 690
Dark Towers - Deutsche Bank, Donald…
David Enrich Paperback
Bank management in South Africa - A…
Johann Coetzee Paperback
Barometer of fear - An insider's account…
Alexis Stenfors Paperback