A Blueprint for Better Banking

Furthermore, targeting them directly opens the gates to 'get-rich-quick schemes'
which, in banking, are usually variations of the seven deadly sins. Instead, Kay
argues, 'the defining purpose of business is to build good businesses'.

Author: Niels Kroner

Publisher: Harriman House Limited

ISBN: 0857190970

Category: Business & Economics

Page: 218

View: 214

'A Blueprint for Better Banking' takes a fresh look at the financial crisis. It sets out to answer specifically what the mistakes were that banks made and how this could have been avoided. What is unique about this book is a detailed description of a large bank that operates very differently from its peers and that has, as a result, steered clear of the areas that have brought many other banks into trouble. This provides a number of insights into how a more resilient, post-credit crunch banking system should look. The first section begins with an overview of existing explanations of the crisis and why they remain partly unsatisfactory. It then sets out an alternative framework based around seven behavioural patterns of imprudent banking. These 'Seven Deadly Sins' have caused most banking crises, including the current one, and while they come in different shapes and forms they remain essentially the same. This book examines why they remain extremely tempting to bankers, often with the enthusiastic support of their shareholders and no meaningful objection by regulators. The second and main part of the book is a new and extensive description of the management practices at Svenska Handelsbanken, one of the top 25 banks in Europe. It not only survived the Swedish banking crisis in the 1990s without asking for support, but it has also remained stable during the latest crisis. Handelsbanken did not have to raise capital or ask for government support and its shares have been the best performing European bank stock by a wide margin. The bank has traditionally been run by management practices that are diametrically opposed to so-called 'best practice' in the industry. The book investigates how Handelsbanken operates without bonuses and examines their unique organisation, strategy discussion, risk management and capital markets communication. In effect, the book describes how Handelsbanken ensures that it does not fall for any of the Seven Deadly Sins. Niels Kroner has conducted over fifty interviews with Handelsbanken executives and competitors, and also draws on his inside experience of many other institutions to bring out the important differences between the 'Handelsbanken way' and common practices at other banks. The final part summarises what other banks and financial institutions can learn from Handelsbanken and how its model may offer a solution that other potential regulatory changes may not.

The Art of Better Retail Banking

where banks were BANK PERFORMANCE Higher Lower I NV ES TO RP 'natural'
direction better RES SU of banking RE banks INVESTOR PRESSURE O
CUSTOMER PRESSURE CUST O M E R FOCUS B ANKF OCUS if the
government ...

Author: Hugh Croxford

Publisher: John Wiley & Sons

ISBN: 0470014814

Category: Business & Economics

Page: 302

View: 921

"This new book on retail banking is both readable and innovative. Its analysis is unusually accessible in its style, and the book's conclusions and predictions will be rightly thought provoking. The customer is gaining real power and this new book's insights on the importance of leadership, the need to unleash creativity and to make a bank's IT and people resource work together more effectively for customer satisfaction are important pointers to the shape of future competitive differentiation." --Sir Mervyn Pedelty, Recently retired Chief Executive, The Co-operative Bank plc, smile, CIS and Co-operative Financial Services "A stimulating read. A readable and lively book that is always informative, sometimes controversial and invariably challenging. The authors don't expect readers to agree with it all, but the readers will undoubtedly gain some fresh insights and perspectives on the multiple issues facing management in a rapidly changing industry." --Chris Lendrum CBE, Recently retired Vice Chairman, Barclays Bank "This book is clear enough for the layman and thorough enough for any banker to obtain an excellent sense of the options for successful strategies for their retail businesses. The challenges of technology introduction, cost of production and scope of service are driving banks into responses increasingly similar to other industry sectors. These forces have been apparent for some years but are so evident now they can no longer be ignored. This book provides an excellent guide to mapping that future." --Joseph DeFeo, CEO, CLS Bank. "This is a useful guide to retail banking that provides a thought-provoking view on the state of The Art (of Better Retail Banking). Clearly retail banking can get better, and must! To steal an analogy from the conclusion, there is a sea change going on - consumers are looking more and more for greater simplicity and value, and so many banks are still making such heavy weather of it. This book does a good job of charting the current developments." -- Lindsay Sinclair, CEO, ING Direct UK. "A whistle-stop tour of all aspects of retail banking. This is a very readable and insightful real world mix of theory, strategy, tactics and practice. They have even managed to make banking sound exciting. But mostly they have been able to cut through the complexity to remind us all that success in retail banking is not just about finance and efficiency - it is about customers and staff, who are all too often forgotten about." --Craig Shannon, Executive Director - Marketing, Co-operative Financial Services. "The authors live up to their promise of providing managers and students with a clear exposition of the retail banking sector and how banks can confront the challenging future they face. This book is a practical manual with lots of useful advice. I was looking for new insights in this book - and I found them!" --Professor Adrian Payne, Professor of Services Marketing, Director, Centre for Services Management, Cranfield School of Management. "A key determinant of any organisation's success will be an enhanced understanding of 'value' as defined by customers, employees, shareholders and other stakeholders. Value can mean different things to these different groups, and this book has set itself the objective of identifying the approaches that will improve the value proposition for all of these interested parties. It achieves this objective." --Professor Steve Worthington, Faculty of Business and Economics, Monash University. "An enjoyable and useful read. It provides a good perspective on the role of IT and how IT suppliers and professionals need to contribute to future developments in retail banking strategy and implementation. It helps provide guidance for the significant challenges ahead for both suppl

Banking Reform in Transtition

Four individual factors have a positive relationship with the quality of both the
best and worst banks: the quality of ... Countries with better banks may more
likely have better banking supervision, regardless of the effect of supervision on
the ...

Author:

Publisher: World Bank Publications

ISBN: 9789610192251

Category:

Page:

View: 912


Better Banking Facilities for Farmers

What the Raiffeisen banks are to the neasants of rural Cermany the " Casse
Riirali " are to the neasants on the agricultural provinces of Italy . They have to
site record o . succes , good work , and absence of losses thich makes the
nosition or ...

Author: Will Fred Maitrejean

Publisher:

ISBN:

Category:

Page: 136

View: 509


Minority Banks Regulators Need to Better Assess Effectiveness of Support Efforts

many Asian - American banks tended to focus on the Asian - American market ,
potentially limiting the pool of qualified ... 65 percent said it would be much or
slightly better ; 21 percent thought it would be about the same , and 11 percent ...

Author: United States, Government Accountability Office

Publisher: DIANE Publishing

ISBN: 9781422311448

Category:

Page:

View: 848


Better Banking

And will it work? These are the questions that industry experts Adrian Docherty and Franck Viort cover in Better Banking: Understanding and Addressing the Failures in Risk Management, Governance and Regulation.

Author: Adrian Docherty

Publisher: John Wiley & Sons

ISBN: 1118651308

Category: Business & Economics

Page: 376

View: 580

Why did the financial crisis happen? Why did no one see it coming? And how did our banks lose so much of our money? What's being done to sort out the banking industry? And will it work? These are the questions that industry experts Adrian Docherty and Franck Viort cover in Better Banking: Understanding and Addressing the Failures in Risk Management, Governance and Regulation. They give a clear and thorough run-through of some of the key concepts and developments in banking, to enable the reader to understand better this vital yet perilous industry. Without excessive detail or jargon, they explain the most important issues in risk management, regulation and governance and build a comprehensive description of how failings in these areas resulted in the current financial crisis. In order to make the diagnosis clear, the authors illustrate their descriptions with a series of informative case studies. The book revolves around a critique of the current regulatory developments, which the authors feel will be ineffective in fixing the structural flaws in banking. Crucially, and as the title of the book suggests, they set out their own series of proposals to contribute to the development of a better, safer and more effective banking industry. Docherty and Viort's book fills an important gap in the literature on banking and its role in the current financial crisis. It is at once a history, a primer, a critique and a manifesto. It does not take sides but works through a constructive diagnosis towards ideas that could lead to major improvements in the quality and stability of the financial world. Better Banking: Understanding and Addressing the Failures in Risk Management, Governance and Regulation is a technical yet accessible book that seeks to engage interested readers of all kinds -- students, professionals, bankers and regulators but also politicians and the broader audience of citizens outside the banking industry, who are keen to inform themselves and understand what needs to be done to avoid a repeat of this crisis.

Better Policies Germany Keeping the Edge Competitiveness for Inclusive Growth

If the banking sector is to play its full role in supporting growth, in Germany and
more broadly, more reforms will be needed, particularly in further improving
banking regulation, strengthening bank capital positions and consolidating the ...

Author: OECD

Publisher: OECD Publishing

ISBN: 9264216006

Category:

Page: 40

View: 315

This book provides an overview of the key challenges currently faced in Germany and OECD's main policy recommendations to address them.

Bank Regulations are Changing for Better Or Worse

A. How reforms affect banking systems: Overview How have reforms to bank
regulations and supervisory practices affected national banking systems? In
countries that changed their regulatory policies, have these reforms reduced
banking ...

Author: J. R. Barth, G. Caprio, Jr., &r. Levine

Publisher: World Bank Publications

ISBN:

Category:

Page:

View: 269

This paper presents new and official survey information on bank regulations in 142 countries and makes comparisons with two earlier surveys. The data do not suggest that countries have primarily reformed their bank regulations for the better over the last decade. Following Basel guidelines many countries strengthened capital regulations and official supervisory agencies, but existing evidence suggests that these reforms will not improve bank stability or efficiency. While some countries have empowered private monitoring of banks, consistent with the third pillar of Basel II, there are many exceptions and reversals along this dimension.

Changing banking for good

The restoration of trust in banking is essential not just for banks . It is essential to
enable the industry better to serve the needs of the real economy and to
contribute effectively to the UK's role as a global financial centre . ( Paragraph 7 )
4 .

Author: Great Britain: Parliament: Parliamentary Commission on Banking Standards

Publisher: Stationery Office

ISBN: 9780108551062

Category: Business & Economics

Page: 74

View: 650

The Parliamentary Commission on Banking Standards was established in July 2012, in the wake of the LIBOR scandal, to conduct an inquiry into professional standards and culture in the UK banking sector and to make recommendations for legislative and other action. This final report from the Commission contains a package of recommendations to raise standards, including: making senior bankers personally responsible, reforming bank governance, creating better functioning and more diverse markets, reinforcing the powers of regulators and making sure they do their job. Key recommendations include: A new Senior Persons Regime, replacing the Approved Persons Regime, to ensure that the most important responsibilities within banks are assigned to specific, senior individuals so they can be held fully accountable for their decisions and the standards of their banks in these areas; a new licensing regime underpinned by Banking Standards Rules to ensure those who can do serious harm are subject to the full range of enforcement powers; a new criminal offence for Senior Persons of reckless misconduct in the management of a bank, carrying a custodial sentence; a new remuneration code better to align risks taken and rewards received in remuneration, with much more remuneration to be deferred and for much longer; a new power for the regulator to cancel all outstanding deferred remuneration, along with unvested pension rights and loss of office or change of control payments, for senior bank employees in the event of their banks needing taxpayer support, creating a major new incentive on bankers to avoid such risks.

A History of Modern Banks of Issue

power in comparison with the better equipped States of the Northeast is
illustrated by the following figures : ' STATE . BANKING POWER PER CAPITA .
STATE . BANKING POWER PER CAPITA . Rhode Island , Massachusetts , New
York ...

Author: Charles Arthur Conant

Publisher:

ISBN:

Category: Banks and banking

Page: 595

View: 963


Banking

Managers with good motivation skills are likely to achieve much higher results
than those without good motivational skills. In this book I will try to explain and
show you how to increase your motivational skills. How to become better
motivator ...

Author:

Publisher: Boris Aleksandrov Todorov

ISBN:

Category:

Page:

View: 316


The Banking Law Journal

... good in any part of the world . which are in substance as follows : That there
should be no discrimination between “ That the time has arrived for the south to
state and national banks , the former having the demand of congress better
banking ...

Author: Edward White

Publisher:

ISBN:

Category: Banking law

Page:

View: 595

A journal devoted to banking law and practice for bankers and bank attorneys. Includes articles, notes on court cases, and summaries of legislation.

Banking on the Principles

In this paper, we rely on assessments of compliance with the BCPs to study
whether better banking supervision and regulation is associated with sounder
banks. In addition, we look at which elements of the regulatory framework are
most ...

Author: Asl? Demirgüç-Kunt

Publisher: World Bank Publications

ISBN:

Category: Bancos

Page: 39

View: 731

"This paper studies whether compliance with the Basel Core Principles for Effective Banking Supervision (BCP) improves bank soundness. BCP compliance assessments provide a unique source of information about the quality of bank supervision and regulation around the world. The authors find a significant and positive relationship between bank soundness (measured with Moody's financial strength ratings) and compliance with principles related to information provision. Specifically, countries that require banks to report regularly and accurately their financial data to regulators and market participants have sounder banks. This relationship is robust to controlling for broad indexes of institutional quality, macroeconomic variables, sovereign ratings, as well as reverse causality. Measuring soundness through z-scores yields similar results. The findings emphasize the importance of transparency in making supervisory processes effective and strengthening market discipline. Countries aiming to upgrade banking regulation and supervision should consider giving priority to information provision over other elements of the Core Principles. "--World Bank web site.

Remarks upon Mr Appleton s Remarks on Currency and Banking By a Disinterested witness

presume , that the State Banks would hold fast their honor and integrity , and
would not avail themselves of such a ... Although I have no time to enlarge upon it
, I do not hesitate to aver , that a system of Banking , better adapted to our present
 ...

Author: Nathan APPLETON (the Elder.)

Publisher:

ISBN:

Category: Banks and banking

Page: 64

View: 607


Dictionary of Banking and Finance

inclusive improve on phrasal verb to do better than she refused to improve on her
previous offer she refused to make a better offer improvedofferimproved offer /im|
pruvd ɒfə/ noun an offer which is larger or has better terms than the previous ...

Author: Bloomsbury Publishing

Publisher: A&C Black

ISBN: 1408102277

Category: Foreign Language Study

Page: 400

View: 491

This dictionary provides comprehensive coverage of the terms used in banking and finance, ranging from personal bank accounts to international money markets. It is aimed at professionals working in or involved with banking and finance, and for students, whether studying A-Levels, degree or professional qualifications in banking and finance. Fully revised and updated this dictionary contains over 9000 entries providing clear, up-to-date coverage of all aspects of banking and finance. The book also includes encyclopedic comments on banking and financial practice, expanding on complex terms such as "poison pills" and "bills of exchange", and special supplements on money, currencies, international banks and stock exchanges.

Banking The Ultimate Prepaid Bank Guide for Smart Investors

Plus numerous people claim, however, that a safer and better banking scheme
would need forfeiting lending and financial prosperity. Do you wonder what the
problem with today's banking system? Are you fed up with the way high streets ...

Author:

Publisher: C Charmer

ISBN:

Category:

Page:

View: 573


The Westminster Review

There are some new schemes of banking and currency proposed for giving better
banking facilities . The best one I know of is to turn all the savings banks into
lending banks as well , as I proposed in a previous article . That would turn the ...

Author:

Publisher:

ISBN:

Category:

Page:

View: 146


BoogarLists Directory of Regional Business Banks

They've developed a complete program of business services designed to make
your banking as cost and time efficient as ... There's no better banking package
for your business than Amarillo's home-owned business package from Amarillo ...

Author:

Publisher: BoogarLists

ISBN:

Category:

Page:

View: 240


Microenterprise Development for Better Health Outcomes

By February 1994 the bank had 271 branches and 71 mobile banks, which
deliver banking services to clients where they ... (5) complementing government
efforts to improve the productive base of the economy; (6) breaking the vicious
cycle of ...

Author: Rosalia Rodriguez-Garcia

Publisher: Greenwood Publishing Group

ISBN: 9780313316333

Category: Business & Economics

Page: 143

View: 508

Argues for strategies that link income generation with the promotion of family health.

OCC preemption rulemaking opportunities existed to enhance the consultative efforts and better document the rulemaking process report to the Subcommittee on Oversight and Investigations Committee on Financial Services House of Representatives

OCC Considered All Comments on Its Banking Activities Rule, and Strongly
Disagreed with Those Challenging Its Authority, but Made Some Changes in
Response to Others While OCC considered all public comments, it strongly
disagreed ...

Author:

Publisher: DIANE Publishing

ISBN: 1428933840

Category:

Page:

View: 939