Banks currently face massive management, structural, ethical and regulatory challenges. One force requires them to remain universal banks in the Anglo-American model – combining commercial and investment banking activities in one entity. Another drags them in the opposite direction – towards separating retail banking from investment banking. New legislation both the UK and the US favors separation of the two forms of banking – as do the de facto legislative and regulatory regimes currently operating in countries/regions like Canada, Nordic Europe and Australia – all of which did very well in the current crisis. Another major factor in banking reform is banking standards – and here the UK is setting the lead with a proposed regime that would require bankers of all specializations to be professionally educated and independently accredited on a regular basis. In particular, the paper provides some in depth analysis about the different bank models operating in Canada, Nordic Europe and Australia aiming to give a solid contribution to the renaissance of the new retail banking.

Retail Banks: why do they stand between capital and strategy?

OMARINI, ANNA EUGENIA
2014

Abstract

Banks currently face massive management, structural, ethical and regulatory challenges. One force requires them to remain universal banks in the Anglo-American model – combining commercial and investment banking activities in one entity. Another drags them in the opposite direction – towards separating retail banking from investment banking. New legislation both the UK and the US favors separation of the two forms of banking – as do the de facto legislative and regulatory regimes currently operating in countries/regions like Canada, Nordic Europe and Australia – all of which did very well in the current crisis. Another major factor in banking reform is banking standards – and here the UK is setting the lead with a proposed regime that would require bankers of all specializations to be professionally educated and independently accredited on a regular basis. In particular, the paper provides some in depth analysis about the different bank models operating in Canada, Nordic Europe and Australia aiming to give a solid contribution to the renaissance of the new retail banking.
9788844905217
G. Bracchi - D. Masciandaro
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Utilizza questo identificativo per citare o creare un link a questo documento: http://hdl.handle.net/11565/3941118
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