The Changing Landscape of the European Financial Services Sector
The Changing Landscape of the European Financial Services Sector

Author: Carlo Alberto Carnevale

Publisher:

Published: 2012

Total Pages: 31

ISBN-13:

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Major forces confront the European financial services sector, changing its competitive dynamics and thus its strategic renewal context. This paper investigates the pace of diffusion of two of these strategic renewal-enabling forces, investigates whether the pace of diffusion across countries has became more similar, and assesses the impact of these developments on the European financial landscape. Focussing on five European Union countries during the period 1990-1999,the changing strategic renewal context is examined by looking at the pace of diffusion of technological innovations in bank services and EU banking regulations. The impact these two forces have on the privatisation processes in two late mover countries and on the industry structure is also analysed. Preliminary findings suggest a substantial decrease over time in country-specific patterns of diffusion, and the emergence of industry-generic patterns. The increasing speed of diffusion within the European financial services sector will give rise to a hyper-competitive landscape in the beginning of the 21st century. Understanding the emergence of this changing landscape creates important managerial challenges for incumbent firms embarking on strategic renewal journeys, as well as for new entrants, whether they operate in the financial services sector or in sectors facing similar developments.Key Words : Financial services sector, strategic renewal, Europe, country comparison.

The Changing Financial Landscape
The Changing Financial Landscape

Author: Goran Karanovic

Publisher: Springer Nature

Published: 2022-01-01

Total Pages: 249

ISBN-13: 303082778X

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This book offers new insights and perspectives on the financial and banking sector in Europe with a special focus on Central and Southeastern European countries. Through quantitative and qualitative analysis of primary sources and datasets, the book examines both the financial development and performance of the real sector of the economy and the impact and involvement of the banking sector. The contributions offer new insights into current financial innovations and discuss best practices in innovative financial solutions. They also highlight new perspectives in finance and analyze characteristic problems in the real and banking sectors in various European countries. The insights and financial solutions presented in this book will be of interest to scholars of finance and financial economics as well as practitioners in the financial industry and policy makers.

New Era in Banking
New Era in Banking

Author: Angel Berges

Publisher: Routledge

Published: 2016-10-21

Total Pages: 183

ISBN-13: 1351861050

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The financial crisis that began in 2007 triggered a break with banking practices of the past. Even as the crisis occurred, a broader set of economic, geopolitical, and technological forces were already reshaping the financial industry's transition from the twentieth to the twenty-first century. While these changes in the financial and global climate have led to a major overhaul of banking regulations and increased scrutiny of banks, they have also revealed opportunities for the development of a banking sector fit for the future. A New Era in Banking: The Landscape After the Battle identifies the main drivers of change at the heart of this wholesale transformation of the financial services industry. It examines the complex challenge for financial institutions to de-risk business models, reconnect with customers, and approach stakeholder value creation. Untangling the severe mutations that have taken place in the banking sector, A New Era in Banking, contextualizes these changes within larger trends that extend beyond the confines of the financial crisis. Banks are more vulnerable than ever to the crosscurrents of economic, demographic, regulatory, and technological change. However, by discussing how banks can operate as flexible, technology-enabled information businesses, A New Era in Banking advocates financial practices based not only on survival, but innovation.

The Future of Retail Banking in Europe
The Future of Retail Banking in Europe

Author: Oonagh McDonald

Publisher: John Wiley & Sons

Published: 2003-03-28

Total Pages: 208

ISBN-13: 0470855746

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Within Europe, the banking sector is commencing a period of considerable change and consolidation. Advances in technology, competition from the non-banking sector, the introduction of the Euro, a European Central bank and, possibly, pan-European Regulation, combined with the challenge from US banks, increased mergers and changing practices means 21st century banking is changing immeasurably. The Future of Retail Banking in Europe is written in an accessible style by Oonagh McDonald and Kevin Keasey, two of the leading authorities in the field and includes: In-depth analysis of the banking structures in all the major European markets. Foreword by Guy Warren, Head of Banking, Europe, Unisys Corporation Unique insights into the industry from the CEOs of major European banks. The challenges being faced in the industry and predictions into what the future holds for retail banking in Europe. This book will be essential reading for middle and senior managers in the banking and financial service sectors, both suppliers and investors in the banking sector, and MBA students.

The Changing Landscape of Global Financial Governance and the Role of Soft Law
The Changing Landscape of Global Financial Governance and the Role of Soft Law

Author: Friedl Weiss

Publisher: BRILL

Published: 2015-05-26

Total Pages: 446

ISBN-13: 9004280324

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The Changing Landscape of Global Financial Governance and the Role of Soft Law provides interdisciplinary perspectives on the changing landscape of global financial governance by exploring the impact and role of soft law, directly or as a precursor of hard law, pertaining to financial governance. Since the shaping of financial governance impacts national, regional and global levels of regulation, different views and arguments contribute to the ongoing discussions about financial regulation. Against this background, this book brings together perspectives of economists and lawyers who have not rallied to one or the other popular call for more regulation as a panacea for the prevention of future global financial crises, calls which have all but drowned out more nuanced scientific debates. Instead, their analysis of aspects of remedial regulatory policy prescriptions already made or proposed demonstrates that carefully designed soft law can be deployed as a valuable method or tool of mediation between the unrestrained autonomy of dysfunctional markets and overzealously crafted hard law.

Investing in Change
Investing in Change

Author: Andrew Gowers

Publisher: Profile Books

Published: 2012-02-02

Total Pages: 160

ISBN-13: 1847658601

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These are tumultuous times for the banking industry in Europe. The financial crisis that erupted in 2008 has rarely been out of the headlines since. Yet this has not been solely a period of crisis management. It has also been a time of positive change and reform, involving self-examination by the banks; tough scrutiny by governments, regulators and the public; and a general determination to ensure that this crisis never happens again. This book seeks to explain what has been going on. Commissioned by the Association for Financial Markets in Europe, it is a collection of essays by some of the leading authorities in the field - senior regulators, specialists on pay and management, corporate CEOs and political and academic experts - about the reshaping of Europe's banking sector. What has changed, and what still has to change? What has gone wrong, and how is it being put right? What are the challenges ahead for this vital industry and those who oversee it? The debate continues, and this volume is an essential contribution.

Digital Transformation of the Financial Industry
Digital Transformation of the Financial Industry

Author: Slađana Benković

Publisher: Springer Nature

Published: 2023-01-29

Total Pages: 337

ISBN-13: 3031232690

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This book presents a collection of state-of-the-art research findings on the digital transformation of financial services. Digitalization has fundamentally changed financial services and has a tendency to reshape the landscape of the financial industry in an unprecedented manner. Over the last ten years, the development of new financial technologies has contributed to the creation of new business and organizational models, along with new approaches to service delivery. By encompassing significant conceptual contributions, innovations in methods and techniques, and by delineating the main applications of digital transformation in Central and Eastern Europe (CEE), the volume extends current knowledge on digital transformation in the financial industry. The book is divided into two parts. The first part provides a social-science perspective on digital transformation in the financial industry. The second part provides the most recent evidence on how financial technologies are transforming financial services on the markets, and how the adoption of modern information technologies fosters setting up new financial services. Further, this part outlines new approaches to digital transformation in the financial industry. This book will appeal to students, scholars, and researchers of finance, monetary economics, and business, as well as practitioners interested in a better understanding of the digital transformation of financial services, new financial technologies, and innovations in finance.