Where will the banking sector end up? Subject to crisis, bailout and recovery, the banking sector is on a reformist trajectory, but its journey has only just begun
The object of this discovery path is to enlighten readers about the sources of innovation and disruption in an exciting time. Put together by Christian Smythe, head of content & partner strategy at Blue Bottle Biz, the discovery path includes key reading on the global financial crisis that triggered the race for reform, an exploration of the Chinese banking reform experience at the turn of the millennium, and an in-depth look at emerging banking systems that are changing the industry.
Those who need or want to know the detail and trends within this fascinating sector should head for the discovery path Here
1. The New Financial Deal: Understanding the Dodd-Frank Act and Its (Unintended) Consequences by David Skell
Chapter 5: Banking Reform: Breaking Up Was Too Hard to Do
The Dodd-Frank Act, which President Obama signed into law in July 2010, created an entirely new set of rules for both the instruments and the institutions of contemporary finance. Although the reforms were desperately needed, they were drafted by the same people who designed the bailouts of 2008, and it shows. In Chapter 5, David Skell explains the framework of the new regulations and partnership between the federal government and the largest financial institutions.
2. Emerging Banking Systems by Paola Bongini, Stefano Chiarlone, and Giovanni Ferri
Chapter 1: Emerging Banking Systems
Emerging Banking Systems is an analysis of the key players (China, India, Brazil, Russia, Turkey, Indonesia, North Africa) of the unprecedented international economic integration of the last 25 years. This chapter looks at what has been done to regulate these countries’ banking systems and what further steps are necessary.
3. Globalization and the Reform of the International Banking and Monetary System by Otto Hieronymi
Chapter 3: The Global Financial Crisis, Central Banking and the Reform of the International Monetary and Financial System
This is a look back at the financial crisis of 2008, its origins, the rescue plan, an analysis of the economic and political issues, and new reforms for international financial institutions.
4. Frontiers of Banks in a Global Economy by Philip Molyneux and Eleuterio Vallelado
Chapter 7: Migrants and Financial Services: Which Opportunities for Financial Innovation?
This chapter examines how banks are developing new services to meet the financial needs of migrants and how they have innovated to better serve this new market segment.
5. Banking Reforms and Monetary Policy in the People’s Republic of China by Yong Guo
Chapter 3: Banking Reforms in 1993-7: Controlling Interest Rates
Beginning is 1993, the People’s Republic of China undertook a series of reforms designed to modernize their banking and financial systems and implement a sound and credible monetary policy. This chapter outlines the reforms and analyzes the effectiveness of monetary policy during this period.