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Global Banking$
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Roy C. Smith, Ingo Walter, and Gayle DeLong

Print publication date: 2012

Print ISBN-13: 9780195335934

Published to Oxford Scholarship Online: May 2012

DOI: 10.1093/acprof:oso/9780195335934.001.0001

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Strategic Drivers of Structural Change in Global Banking

Strategic Drivers of Structural Change in Global Banking

(p.281) Chapter 12 Strategic Drivers of Structural Change in Global Banking
Global Banking

Roy C. Smith

Ingo Walter

Gayle Delong

Oxford University Press

This chapter assesses the factors that appear to be driving the structural reconfiguration of the financial services sector and its competitive consequences. Strategic options that are open to financial firms in responding to–and anticipating—structural change are then examined, as well as the factors that seem to drive competitive performance with respect to market share and profitability. Few industries have encountered as much “strategic turbulence” in recent years as the financial services sector. In response to far-reaching regulatory and technological change, together with important shifts in client behavior and globalization of specific financial intermediation functions, the organizational structure of the financial services industry has been profoundly displaced, and a great deal of uncertainty about the nature of any future equilibrium in the industry’s contours remains.

Keywords:   competitive performance, global banking strategy, regulatory change, strategic turbulence, technological change

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