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Books > Business & Economics > Industry & industrial studies > Service industries > Financial services industry
Emergent innovative financial technologies are profoundly changing
the way in which we spend, move and manage our money, unlike ever
before, and traditional retail banks are facing stiff competition.
The global financial crisis in 2007-2009 led to large losses, and
even the collapse of a significant number of established banks
shaking the trust of financial customers worldwide. The Digital
Banking Revolution is an insightful look at how financial
technology and the rapid rise of financial technology companies
have brought welcome changes offering flexibility to the banking
industry. The book offers a unique perspective on the
consumerization of retail banking services. It delves into the many
changes that financial innovations have brought about in banking,
the main financial disruptors, the new era of "banking on the go,"
and financial innovations from countries around the world before
concluding with a discussion on the future of banking including
optimizing structures, new strategies for business outcomes, and
human resources in the digital era.
This book discusses risk management, product pricing, capital
management and Return on Equity comprehensively and seamlessly.
Strategic planning, including the required quantitative methods, is
an essential part of bank management and control. A thorough
introduction to the advanced methods of risk management for Credit
Risk, Counterparty Credit Risk, Market Risk, Operational Risk and
Risk Aggregation is provided. In addition, directly applicable
concepts and data such as macroeconomic scenarios for strategic
planning and stress testing as well as detailed scenarios for
Operational Risk and advanced concepts for Credit Risk are
presented in straightforward language. The book highlights the
implications and chances of the Basel III and Basel IV
implementations (2022 onwards), especially in terms of capital
management and Return on Equity. A wealth of essential background
information from practice, international observations and
comparisons, along with numerous illustrative examples, make this
book a useful resource for established and future professionals in
bank management, risk management, capital management, controlling
and accounting.
This book proposes three normative frameworks pertaining to
risk-measurement, disclosure and governance using expert opinion
and data from the top 429 non-financial companies (of the NIFTY 500
index) over a 10-year period. The book offers a novel contribution
to the global literature on disclosure quality by presenting a
composite measure of the quality as well as quantity of risk
disclosures. Focusing on the quality of risk disclosures and risk
governance structures, and using sophisticated methodology to
tackle the issue of endogeneity, the book explores the important
yet uncharted confluence of accounting information, risk and
corporate governance. It addresses the interplay between three
facets of risk, and is corroborated by practitioners' perspectives
as well as case studies. It is an excellent resource for
practitioners, professionals and policy-makers, in addition to
researchers working on the topic.
This book provides a concise and practical guidance on the
implementation analysis of the new revised standards of the Basel
Committee on Banking Supervision (BCBS) on the supervision of the
international banking system. Based on publicly available data on
default rates and realised loss-given-default rates, it provides an
analysis of credit and market risk, assessing the extent to which
the new framework on risk-based and leverage ratio requirements
affects the modelling of banking risks. Moreover, it provides a
detailed analysis of the Fundamental Review of the Trading Book
(FRTB), which changes the philosophy for the risk valuation and
capital requirements of the market risk, and of the latest
developments on the credit valuation adjustments (CVA) framework.
It also examines the impact of the final calibration of operational
risk parameters on the level of capital requirements. It provides
an overview of the modelling properties that govern the application
of the internal models for credit and market risk, and provides
evidence on the overall impact on banks' cost of funding due to the
implementation of Basel reforms as shaped in December 2017.
Finally, the book provides practical examples and hands-on
applications for assessing the new BCBS framework.
This volume covers the proceedings of the ZAFIN Finance and
Sustainability conference, organized by the Wroclaw University of
Economics in cooperation with the Corvinus University of Budapest
and the University of Economics in Prague. The authors analyze a
variety of issues related to recent finance problems, including
corporate finance, public finance, monetary and fiscal policy
issues, and risk management. The book also discusses topics related
to sustainable finance, the transition to green economies,
corporate sustainability and sustainable development. The target
audience for this book includes researchers at universities and
research and policy institutions, graduate students, and
practitioners in economics, finance and international economics
working for private or government institutions.
This volume includes a selection of the contributions presented at
the Wroclaw conference in Finance, covering a wide range of topics
in the area of finance. The articles reflect the extent, diversity
and richness of research areas in the field. Discussing both
fundamental and applied finance, it offers a detailed analysis of
current financial-market problems including specifics of Polish and
Central European markets. It also examines the results of advanced
financial modeling. These proceedings are a valuable resource for
researchers in universities and research and policy institutions,
graduate students and practitioners in economics, finance and
international economics in both private and government
institutions.
This book analyzes the whole path to justice: from the decision to
enter the path to justice until justice is achieved and applies a
mixed-methods approach using quantitative and qualitative data. It
deliberately takes the consumer's perspective and, beyond the scope
of existing studies, does not only take into account the existence
of mechanisms and forums to claim justice, but their
appropriateness for vulnerable target groups. The book sheds more
light on microfinance and other vulnerable clients who, due to
existing barriers, cannot access grievance, redress or complaint
mechanisms. Eliminating these access barriers would cater to the
achievement of the 16th Sustainable Development Goal by increasing
vulnerable consumers' Access to Justice. This book will be of
interest to academics researching access to justice, researchers
focusing on consumer protection issues in developing countries, and
practitioners working in financial inclusion.
The book explores the endogenous creators of inside money, the
commercial banks, and their key role in igniting the 2007-8
monetary crisis and the aftermath of the Great Recession. This is
an area of study overlooked by the traditional approach in the form
of neo-classical analysis, a body of theory based on a barter
system of exchange. Money has evolved from a construct of barter to
become a medium of exchange based on fiat money and loan creation
by the banking system, underpinned by legal tender, and therefore,
a creature of law. It is not a phenomenon exogenously controlled by
the monetary authorities and simply assumed to be a "veil" over the
real economy, which just determines the absolute price level. This
monograph, in the eyes of the student, represents critical thinking
and the realization of a more precise formulation of the endogenous
money supply with various features systematically added in an
attempt to derive a fully dynamic model of the monetary system,
which will be straightforward to visualize and contrast with the
benchmark approach.
This book gathers the proceedings of the ICAFFI International
Conference on Accounting, Finance and Financial Institutions. The
main topics addressed include: corporate finance, financial markets
and asset pricing, empirical finance, taxation, financial risk
management, international finance, financial econometrics,
financial reporting and accounting standards, managerial
accounting, measuring financial performance, accounting information
systems, and current issues in accounting and finance in emerging
and other markets. Presenting both cutting-edge research and a
broad set of methods, and combining practical and theoretical
perspectives, the book offers a valuable resource for researchers,
practitioners and regulators alike.
This book analyzes the highly contentious payday lending industry,
presenting valuable new data collected during Canada's recent
regulatory reviews and demonstrating its relevance to payday
lending conversations taking place worldwide. The authors treat the
industry with a balanced hand by establishing its importance as an
example of financialization and acknowledging the complex impact of
payday lending services on low-income and credit-constrained
clients. Up-to-date data from an interdisciplinary mix of
financial, econometric, legal, behavioral economic, and
socioeconomic sources-all in the context of an established Canadian
industry-provide both proponents and opponents of payday lending
with valuable evidence for their discussions of how much regulation
is required to minimize harmful consequences. These insights from
Canada expand a US-centric conversation and provide a key resource
for the growing list of countries in which the industry is present,
from the UK and Poland to South Africa and Australia.
This book concentrates on some leading questions in M&A
research in last two decades and tries to find explanations
concerning cultural issues. It focuses on pre-merger/acquisition
issues mainly on negotiation, decision and intercultural due
diligence. The core of this book is the pre-M&A stage in order
to throw light on the cultural issues related to negotiation,
decision making, and due diligence. Its primary purpose is a finer
view of the impact of national, organisational and professional
cultures in mergers and acquisitions. The general questions
encountered in this book are related to nexus between culture and
integration of the two companies, management's involvement in the
cultural due diligence process, national, organisational and
professional cultures' link to negotiation and decision-making
process, negotiators' behavioral patterns, intentions, perceptions
and attitudes identified and associated with M&A's success,
managers' cultural specificity and their management practices. The
aim of this book is to provide a deeper understanding of the
cultural differences in negotiation and decision-making. This might
help organisations provide better opportunities for cross border
M&A across a wide cultural spectrum. With the increase of
global mobility, cultural due diligence becomes more and more
important. Multi-national corporations might garner a competitive
advantage when they understand the importance of cultural due
diligence. M&A professionals may benefit from a deeper
understanding of cultural values that affect the perceptions of
individuals during negotiation and decision-making by profession
across cultures. Multinational companies that do not take into
consideration or minimise the importance and the right content of
cultural due diligence expose themselves to a higher risk of
failure. The expectation of the author of this book is that the
conclusions would help alert M&A scholars and practitioners of
the need to thoroughly understand the cultural issues influencing
the pre-M&A processes.
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