Universal Bank: The Bank of the Future

Author: Hans-Ulrich Derick
Publisher:
Publish Date: 2003-01-01
Features: This book explores the direct consequences of globalization and information technology, compares the strengths and weaknesses of European banks versus their American competitors, and examines the reasons for promoting specialized universal banks as the future type of banking. It also illustrates the demands placed on employees, managers, as well as innovation and change management in the future. From the perspective of an in-house banker, the book describes the survival strategies that successful financial institutions will need to adopt in the future. This book explores the direct consequences of globalization and information technology, compares the strengths and weaknesses of European banks versus their American competitors, and examines the reasons for promoting specialized universal banks as the future type of banking. It also illustrates the demands placed on employees, managers, as well as innovation and change management in the future. Banking after 2000 primarily involves accepting various forms of financial risk and managing them. However, to successfully manage financial risk, a stronger, widely accepted risk culture across society is required, particularly in Europe.