Financial Intermediation in the 21st Century

Contents......Page 8
List of Figures, Tables and Boxes......Page 14
Acknowledgements......Page 16
Foreword......Page 17
Notes on the Contributors......Page 19
1. Introduction: Financial Intermediation in the Age of Global Capital......Page 28
Part I. The New Financial Era: Challenges and Opportunities......Page 32
2. Banking in the Twenty-First Century: the View from the Deutsche Bank......Page 34
3. The Internet and the Commercial Banking Industry: Strategic Implications from a US Perspective......Page 44
4. Three Imperatives to Foster as a Financial Institution in the Euro Era......Page 56
5. Integrating Risk Management and Capital Management......Page 60
6. IT and the Pressure to Innovate and Restructure......Page 85
Part II. Financial Markets: Future Developments......Page 100
7. Global Finance Beyond 2000: SWX Swiss Exchange's Challenge......Page 102
8. On-Line Trading is Changing the Capital Markets......Page 105
9. ABB as a Major User of Financial Markets......Page 111
10. The Transformation of Stock Exchanges in Europe......Page 115
11. What is the Future for Nationally or Regionally Based Financial Centres?......Page 144
Part III. Regulatory/Supervisory Authorities: Strengthening Financial Intermediation and Systems......Page 148
12. The Basel Capital Requirements: a First Step Towards Global Regulation......Page 150
13. New Tools and Risks in Financial Intermediation in Emerging Markets: Should Regulators and Raters Adopt New Methods? The Case of Asia......Page 155
14. The Role of the Financial Stability Institute of the Bank for International Settlements......Page 160
15. Switzerland and the Challenges of Globalisation......Page 167
16. Does the World Need a New Financial Architecture?......Page 172
17. Reform of the Global Financial System: A View from an Emerging Economy......Page 185
18. Global Finance Beyond 2000: Implications for Regulation and the Supervisory Authorities......Page 188
Part IV. Academics’ and Researchers' Vantage Points......Page 196
19. Reforming African Financial Marketsin the Era of  Globalisation......Page 198
20. Banking Regulation: Administrative Rules versus Market-Based Instruments......Page 213
21. Credit Risk: The New Frontier of Risk Management......Page 225
22. Banking: Is Bigger Really Better?......Page 236
23. Turbulence, Crises and Risk Management......Page 247
24. The Quest for the Optimal Portfolio: The Example of Investment Funds......Page 263
Part V. Conclusion......Page 274
25. Whither Financial Intermediation? Managerial and Regulatory Issues......Page 276
Index......Page 336