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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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Managing Competitive Global Banking Firms

Managing Competitive Global Banking Firms

(p.409) Chapter 17 Managing Competitive Global Banking Firms
Global Banking

Roy C. Smith

Ingo Walter

Gayle Delong

Oxford University Press

This chapter discusses the evolution of the financial services industry in order to determine future opportunities and challenges. In the past, because of deregulation, technological advances, and globalization, many different types of financial services firms, following different business strategies, have converged into the capital markets arena. This has greatly increased competition, to the benefit of market users, but it has also greatly increased the risks associated with being a major wholesale banking firm. The coming years will represent great challenges to most of the world's large financial service organizations, as they continue to compete for market share in a tougher regulatory environment and to recover their higher market valuations. These firms will have to rethink their basic business strategies and attempt to reposition themselves to maximize their comparative advantages, but also need to be able to control the formidable risks inherent in the strategies selected.

Keywords:   deregulation, globalization, technological advances

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