Financial Intermediation in the 21st Century [Hardcover]

The increasing interdependence of the world economy has huge implications for global finance in the twenty-first century. This volume brings together leading scholars and practitioners to offer in-depth analyses of the new direction open to the financial services industry. They explore the challenges and opportunities of the new finance era, future development in financial markets, with particular emphasis on the role of new technologies and the industry's view of strengthening financial intermediation. The book concludes with an assessment of key managerial and regulatory issues.List of Tables List of Figures Acknowledgements Foreword; J.P.Roth Notes on the Contributors INTRODUCTORY ESSAY Financial Intermediation in the Age of Global Capital; G.L.Perlin PART ONE: THE NEW FINANCE ERA: CHALLENGES AND OPPORTUNITIES Banking in the 21st Century: The View from Deutsche Bank; R.E.Breuer The Internet and the Commercial Banking Industry: Strategic Implications from a U.S. Perspective; W.C.Hunter Three Imperatives to Foster as a Financial Institution in the Euro-era; J.Huyghebaert Integrating Risk Management and Capital Management; P.Shimpi IT and the Pressure to Innovate and Restructure; L.H.Thunell PART TWO: FINANCIAL MARKETS: FUTURE DEVELOPMENTS Global Finance Beyond 2000: SWX Swiss Exchange's Challenge; A.Hunziker-Ebneter Online Trading Changes the Capital Markets; M.Leclerc ABB as a Major User of Financial Markets; J.Roxendal The Transformation of Stock Exchanges in Europe; D.P.Tirez & T.Verhoest Hong Kong Financial Centre; A.Tsui PART THREE: REGULATORY/SUPERVISORY AUTHORITIES: STRENGTHENING FINANCIAL INTERMEDIATION The Basic Capital Requirements: A First Step Towards Regulation; A.Crockett New Tools and Risks in Financial Intermediation in Emerging Markets: Should Regulators and Raters Adopt New Methods? The Case of Asia; P.F.Delhaise The Role of the Financial Stability Institute of the Bank for International Settlements; J.G.Heimann Switzerland and the Challenges l£‹