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Books - econ, politics, finance

Owing to the idisyncratic Searching Finance system of classification, some books appear in more than one section ... hey that's showbusiness!

 


Recent titles and current debates


Front Line Duty - iScotland's Revenues, Borders and Defence.


Rethinking Taxation, Why the First World War Broke OutThe Astronaut, The cake, and Tomorrow, Britain's Personal Debt Crisis, Loan sharks 2nd Ed, 20 Economics Fallacies


Banking and Finance


Banking Rebooted


Are Bankers Good or Bad for Society? BankRUPT: Why Banking is Broken. How it can be TransformedBank to the Future: Protect your Future Before Governments Go BustCity of London: How It Developed into the World's Leading Financial CentreThe Castle and The SandboxEffective Bank Regulation and SupervisionFuture of Banking after Global Reregulation, Liquidity Strategies for Financial Institutions and Corporates: The Art of Cash ManagementLipstick on a Pig - Why Bail-outs Fail and People Power Will Succeed The Smartphone Wallet - Understanding the Disruption AheadThe Extraordinary Madness of Banks and the Extreme Folly of GovernmentsMoney for Nothing and your Cheques for FreeSocialising the Anti-Social BankIt's Banking, Jim, But not as we Know ItNot Every Bank is Goldman Sachs

 

Banking and Finance - Humour


Bernie Madoff: the Part I Didn't Play in his DownfallSocialising the Anti-Social BankIt's Banking, Jim, But not as we Know ItNot Every Bank is Goldman Sachs

The Lingua Franca of The Corporate Banker


Disruption, Innovation and Transformation (Finance)

 

The Castle and The SandboxBankRUPT: Why Banking is Broken. How it can be TransformedBank to the Future: Protect your Future Before Governments Go BustLipstick on a Pig - Why Bail-outs Fail and People Power Will , SucceedThe Smartphone Wallet - Understanding the Disruption Ahead

 

Economics and Politics


The Courageous State: Rethinking Economics, Society and the Role of GovernmentThe Red Book, The Euro in Danger, Reclaiming the Big Society, 20 Economics Fallacies


Economic History


Chronology of a CrisisLoan Sharks - the Rise and Rise of Payday Lenders"Saving the World"? Gordon Brown ReconsideredThe City of London: How It Developed into the World's Leading Financial Centre


Economics, Politics and Society in the UK


"Saving the World"? Gordon Brown ReconsideredThe Euro in Danger: Reform and ResetWhat Sort of NHS Do We Want?The Courageous State: Rethinking Economics, Society and the Role of Government, Solving Britain's Personal Debt Crisis, Sorry, We Have No Money: Britain's Economic ProblemThe Red Book

 

Europe


EU Financial Services Regulation: Key Events 2010/2011The Creation of an EU Financial Regulatory Framework, Understanding the EU Budget. The Euro in Danger


Personal Finance


Loan Sharks - the Rise and Rise of Payday LendersThe Roundabout has Stopped: What We Fail to Teach our Kids about Money, Britain's Personal Debt Crisis


Reference


A Practical Guide to Social Media in Financial ServicesBe your Own CFO: The Art of Cash Management for SMEsChannel Innovation in Financial ServicesLiquidity Strategies for Financial Institutions and Corporates: The Art of Cash ManagementSales and Sales Management in Financial Services


This Financial Crisis


Chronology of a Crisis"Saving the World"? Gordon Brown Reconsidered , The 7 deadly sins of capitalismThe Euro in Danger: Reform and ResetThe Courageous State: Rethinking Economics, Society and the Role of GovernmentThe Red BookThe EU Fiscal Crisis: Forcing Eurozone Political Union

 

(Economics and) The Environment

 

TANSTAAFL (There's No Such Thing as a Free Lunch)The End of Abundance: Economic Solutions to Water Scarcity

 



In a credit-squeezed market, cash and liquidity rule - find out how to drive the effectiveness and efficiency of your company's and your own cash

 

Banks are running a zero tolerance policy towards your bank account. Go overdrawn, for whatever reason, and you’ll be punished financially. The banks are rebuilding their capital position, trying to cover years of questionable loan practices and to meet new global banking regulations. A source of cheap deposits and fee income is the SME (Small and Medium Enterprise) and the individual. In the past you may not have concerned yourself unduly with managing your cash, but today if you do not pay (pun intended) attention then the banker may take it all.

Be Your Own CFO: The Art of Cash Management for SMEs is a best-practice guide that makes liquidity understandable and demonstrates how better cash management can help you and your company weather the current financial storm.  

With greater insight into banking, payment and trade infrastructures, better decisions can be made to drive the efficiency and effectiveness of cash.

The book asks you to look at:
•    You direct debits – 1 in 10 are usually for something you don’t now need;
•    Earning money on money while staying liquid – take a look at currencies and gold;
•    Payments - get paid faster, ask for electronic transfer instead of paper;
•    Accounts receivable – figure out how much working capital you are lending out;
•    Accounts payable – how it is affecting your credit rating.

Written by John Bertrand, a veteran banker with 30 years' experience in banking, cash management, payments and technology at Citibank, IBOS, ALLTEL, Misys and Admertec/Ceptum in the US and the UK.

 

Review

Be Your Own CFO is superb. For the first time there is a book that explains banking and finance in every day language. Easy and simple to read and understand. It is ideal for people needing a practical understanding of finance and how it affects them and their companies." Thomas E Jones, former Vice Chairman of the IASB

 

"Actually, it is very good, concise, and I wonder who you got to write it." Gerry English, past President of the Irish Association of Corporate Treasurers

 

Publication date: October 2012
ISBN 978-1-907720-49-9

For full list of Contents, click here

To see sample pages, click here


Order your copy now
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Contents

Each chapter starts with Key Questions for SME directors and a Key Points Summary

 


 

Chapter 1    Stages of Cash Management

Domestic Cash Management

International Cash Management

 

Chapter 2    Bank Accounts -  New Rules and Regulations

Mandate

Know Your Customer (KYC)

Anti Money Laundering

Deposit Insurance

Value Dating

3rd Party Management

 

Chapter 3    Liquidity/Cash Cushion

 

Chapter 4    Savings

Bank Accounts

Interest Rates

 

Chapter 5    The Investment Pyramid

Base

Appreciating cash investments

Bonds, equities and property

Speculation

 

Chapter 6    The Credit Pyramid

Overdrafts

Unsecured Credit

Secured credit

Credit Agencies

Credit Default Swaps

 

Chapter 7    Investment versus Credit

Net Interest Income

 

Chapter 8    Payments

Cheque

ACH

Direct Debit

SEPA Direct Debit (SDD)

Epayments

Mpayments

Warehouse Accounts

Correspondent Banking Payments

Real Time Gross Settlement (RTGS)

 

Chapter 9    Foreign Exchange

 

Chapter 10  Supply Chain

Invoice Financing

eInvoicing

Asset Based Finance

Personnel Guarantees

 

Chapter 11  Illiquid Management

Bankruptcy

Pre-pack Administration

 

Chapter 12  Case Studies

Nordea

Citi

HSBC

Wells Fargo/Wachovia

 

 

About John Bertrand


John's expertise in banking, cash management, payments and technology was gained over 30 years at Citibank, IBOS, ALLTEL, Misys and Admertec/Ceptum in the USA and UK.

 

In this time he created and implemented technology in front, middle and back offices of banks, in addition to developing electronic access options for the needs of corporations and retail customers.  This included redefining core banking for Misys  (300 banks), ensuring long-term revenue. He has provided and developed cash management consulting, netting schemes, third party cash management, pooling and foreign exchange.

 

John has been involved in mergers and acquisitions in more than 10 banking/software transactions that included cloud-based solutions. One transaction in the cloud now represents 9% of Misys profits.

John raised capital, added mezzanine financing, leasing and invoice factoring together to create Ceptum Limited, a potential bank, now with $10 million in profitable assets and with no debt.

He has worked with the UK (FSA) and Swedish (FI) banking and finance authorities to create a de nova bank.


Coming soon - a major new annual work which is set to become the must-have resource for practitioners around the globe

International Wealth Planning and Tax Structuring Handbook  2012     

This invaluable resource covers all the need-to-know developments in areas ranging from the characteristics of individual tax regimes to the possible consequences of immigration. Fiduciary issues, business succession, family law and foreign investment - nothing has been neglected.

Drawing together the extensive expertise of the senior lawyers at international law firm Baker & McKenzie and quality contributing law firms, The International Wealth Planning and Tax Structuring Handbook gives in-depth, yet clear and concise guidance on 45 major onshore jurisdictions.

The Handbook has been compiled to help busy wealth managers maximise their time, allowing them to easily maintain the cutting-edge expertise clients rightly expect.

Authors: Attorneys from Baker & McKenzie and Quality Contributing Law Firms
Publisher: ClearView Financial Media (publishers of wealthbriefing.com/LawInContext Pte Ltd
Format: 350pp, printed A4
Publication date: March/April 2012
Order now at a special pre-publication discount price of £495.00/$795.00/€602.00 plus p&p

International Wealth Planning and Tax Structuring Handbook 2012 £495.00 Add to Cart

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Contents


Each chapter deals with the following areas:
General Tax Issues & Tax Planning Wealth Planning Issues & Techniques Immigration & Expatriation
Tax Residence Definition Foreign Investment Pre-Immigration Planning
Taxation of Resident Individuals Political Risk Mobility Planning - Generally
Taxation of Non-resident Individuals Currency & Exchange Controls Mobility Planning - Trailing Residency/Domicile
Retirement Assets Succession Law Exit/Expatriation Tax
Business Income Forced Heirship
Gift & Inheritance Taxation Forced Heirship Planning
Gift & Inheritance Tax Planning Wills
Family Law
Wealth Taxation Asset Protection Marital Property
Wealth Tax Planning Asset Protection Planning Divorce
Tax Treaties Use of Trusts Adoption
Controlled Foreign Corporations Usufruct
Anti-Avoidance Rules Life Insurance Strategies
Tax Planning - Trusts Business Succession
Tax Planning - Companies Use of Offshore Companies
Tax Planning - Partnerships

Tax Planning - Foundations

Charitable Planning

Undeclared Funds & Tax Regularization

Geographic coverage


Countries Covered 

 



The surprise star of the London Olympics and


''the nearest thing to a national religon.'' (Nigel Lawson).


What sort of NHS do you want?



From the introduction to David's book:


' The area I live in provides a microcosm of the problems facing our health service. 


Economic decline has brought bad health and the resulting bad habits.  There is also a large, and growing, population of the elderly for whom care has to be provided. It seems to present an enormous challenge.

 

But things are not as bad as they appear at first.  There are many good people in the community who are trying to do something about the situation. There is a lively health centre, with innovative and dedicated GPs and a go-ahead manager. There is a thriving garden association which has 250 gardens and a waiting list.  There is an impressive and proactive community Health Forum, entirely run by volunteers who cared about their community and its health.

 

So there is hope. 


A community which has been on the sharp end of recession and economic decline, and has experienced their effects at first hand, is doing something about it. It made me think.  What sort of role do we see for the NHS in the future?   The NHS will be financially constrained whichever government is in power, and we cannot expect it to solve all our problems alone.  Communities must do something to help.

 

In this book I attempt to set out my ideas about how a community-based, democratically run health service will function in the future. 


If we are to deal with bad health, it is a job for all of us.  Despite our problems, we have some examples of very good practice that provide some idea of what sort of health service we could have in this country in the future.' 

 

ISBN: 978-1-907720-60-4

Publication date: October 2012 (paperback)
Order your copy now - £9.99/€
11.60/$15.55 plus p&p

What Sort of NHS Do We Want? £9.99 Add to Cart

 

Buy What Sort of NHS Do We Want? together with Loan Sharks and save 20%

£15.98/€19.80/$25.59 plus p&p

NHS plus Loan Sharks joint offer £15.98 Add to Cart

 

Buy What Sort of NHS Do We Want? together with The Red Book and save 20%

 £15.98/€19.80/$25.59 plus p&p

NHS plus Red Book joint offer £15.98 Add to Cart

 

About the author

David Taylor-Gooby was a senior lecturer at East Durham College, and ran the Health Studies Degree course in conjunction with the University of Sunderland. He later worked for the Commission for Public and Patient Involvement in Health, and completed a research project on public involvement at the university with Dr Stephen MacDonald. He also served on Durham County Council’s Health Overview and Scrutiny Committee. This book is the result of his ideas, and the views expressed are entirely his own, and not those of any of the organisations with which he is associated.

 

Reviews

"David is an expert in the field. He has dedicated his life to the study of health care reform. His opinions are formed after much reasoning and focus on empirical data. For these reasons it is always worth reflecting at length on what he has to say. Given his particular experience of health care in one of the most deprived areas of the UK, his grasp of narrowing health care inequalities is of particular importance.

Dr Eoin Clarke, The Green Benches

 

Contents

Preface
Chapter 1 Introduction

Chapter 2 The principles underlying the NHS

Chapter 3 What the NHS is like now
Chapter 4 Patient and public involvement: an overview

Chapter 5 Involvement at a local level
Chapter 6 Foundation trusts

Chapter 7 Tackling health inequalities

Chapter 8 The role of local authorities in health

Chapter 9 International comparisons

Chapter 10 The conclusion: pulling everything together
Chapter 11 The way forward

References

 

"William Keegan is a great columnist and an entertaining and authoritative chronicler of the economic and political history of our times."  


David Smith, The Sunday Times

 

In this new book, Wiliam Keegan of The Observer builds on his earlier best-selling examination of the political career of Gordon Brown, 'The Prudence of Mr Gordon Brown' (2003). A book that expressed some unfashionable concerns about the conduct of New Labour's economic policy and seeked to temper the copious praise that was then being lavished on Brown.

 

"Saving the World"? takes a fresh look at the later years of Gordon Brown as chancellor and prime minister.

 

 

The book, no hagiography, draws equally on the accounts of those who worked closest with him as well as those who he fought and feuded with and provides a balanced view of Brown the leader, arguing that, for all his acknowledged flaws, and policy errors, the degree to which 'it was all Gordon's fault' is much exaggerated.

 

Brown is widely acknowledged, certainly outside of Britain, to have been the right leader, in the right place at the right time to rescue the world economy in 2008-09, a view supported by amongst others Paul Krugman and Amartya Sen; given the current absence of such impressive leadership in global macro-economic policy, it is a loss that Brown has largely withdrawn from policy issues. 

 

On the home front, his famous 'prudence' was always for a purpose, and as time goes on, it will be seen that he and his colleagues did more for public services in health, education and relief of poverty than has been recognised, although as Keegan shows they did not do enough, with social housing a particular failure.

 

'Saving the World'?

 

It's time for a reassessment.

 

Publication date: October 2012 (paperback)

ISBN 978-1-907720-56-7
Order your copy now: £9.99/€
11.60/$15.55 plus p&p

"Saving the World?" - Gordon Brown Reconsidered £9.99 Add to Cart

 

Buy "Saving the World?" together with The Courageous State and save 20%

£19.99/€24.77/$32.02 plus p&p

"Saving the World ?"plus the Courageous State joint offer £19.99 Add to Cart

 

Buy "Saving the World?" together with The Red Book and save 20%

 £15.98/€19.80/$25.59 plus p&p

"Saving the World ?" plus the Red Book joint offer £15.98 Add to Cart

 

 

Reviews

"The chancellors judged by Bill Keegan wax and wane. But after decades as one of the UK's leading economic commentators, his light shines as bright as ever." Robert Peston, BBC

 

"William Keegan is just the man for this sparkling reassessment of Gordon Brown's time in Downing Street. 'Saving the World?' is packed with insights, benefits from a lifetime of charting the ups and downs of the British economy, and is, of course, beautifully written."  Larry Elliott, The Guardian

 

"William Keegan is a great columnist and an entertaining and authoritative chronicler of the economic and political history of our times." David Smith, The Sunday Times

 

Contents

Acknowledgements
Preface
Introduction
Chapter 1: From hero to zero
Chapter 2: A crisis not entirely of Brown’s making
Chapter 3: Bust after boom –a ‘soundbite’ bites back
Chapter 4: ‘Nice’ while it lasted
Chapter 5: ‘I know I have to take the rap’
Chapter 6: A job turned down– with historic consequences
Chapter 7: Between a rock and a hard choice
Chapter 8: The crisis unfolds
Chapter 9: You cannot bank on banks
Chapter 10: A socialist rides to the rescue of capitalism
Chapter 11: From zero to hero
Chapter 12: “Saving the world”
Chapter 13: A golden myth
Chapter 14: Resisting Euro pressures
Conclusion
Postscript
Index

 

About the author

thumb Keegan photoWilliam Keegan is one of the UK’s most respected economic commentators.

 

Over a long career, he has written for the Financial Times, the Daily Mail and The Observer.

 

He has also worked for the Economic Intelligence Dept of the Bank of England, and has been a member of government, non-government  and academic advisory committees, He is a visiting professor of journalism at the University of Sheffield, and has published several books on economic affairs, as well as two works of fiction.

 

 

Overview

After the nadir of the banking crisis of 2008, the business of banking is undergoing massive change as governments and regulators strive to return stability to the banking system and avoid the future provision of taxpayer support to failing banks.  

The multiple issues raised by the crisis are converging into one core and very fundamental question: what will be the future shape of the banking business in the developed world?  Faced with a raft of untested new initiatives, uncertainty over the direction and effectiveness of bank regulation, a potentially very uneven global playing field, the possibility of drastic restructuring, and the prospect of much reduced profit levels, banking is facing a very challenging future. Add to the mix the impact of this 'new normal' of profitability on investor sentiment with its increasing appetite for risk, and the need to nevertheless operate in a political climate of public anger and retribution, and you have a unique set of conflicts that mean that banking is facing a perfect storm of uncertainty and threat.

But one thing is certain: bankers, investors and others need to plan now for the future, and key strategic decisions to ensure a sustainable future have to be made. The Future of Banking after Global Reregulation defines and analyses the core issues, balances and weighs  conflicting views, and assesses likely impacts and outcomes to provide unique and insightful strategic input in troubled times.

Published September 2012
ISBN 978-1-907720-29-1
100 pages
For full contents in PDF format, click here
For the FREE Executive Summary,  click here

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Key issues


Key strategic issues addressed by The Future of Banking after Global Reregulation include:

•   Corporate governance: To what extent can the traditional elements of corporate governance, in particular boards of directors, play a role in mitigating future threats to banking stability? What has been the actual record of such governance in the recent crisis? Has banking become too complex and fast moving for these individuals?
•   New supervisory and regulatory measures: How likely are such measures such as the new Basel III, coupled with national legislation such as Dodd-Frank in the US and the creation of new regional entities in the EU, to significantly improve the identification and resolution of individual bank and systemic problems?
•    Strategic measures being taken or considered by bank management to reduce risk:  For example, what might be the future profile of investment banking and other high-risk businesses in the light of the possible application of the Volcker rule and similar measures to separate them from those supported by taxpayers?
•    The outlook for reconciling loss mitigation and achieving satisfactory investor returns:  How confident is the industry regarding the future of risk mitigation, and what are the key variables in this effort? What are the major gaps or issues to be addressed in the loss mitigation effort? How likely is a satisfactory resolution of the investor/regulatory dialogue at a return on investment acceptable to both sides?
•    Case studies of success in bank risk management:  While considerable attention has been paid to failures in bank risk management, a number of banks have demonstrated sustained success in reconciling the regulatory and public interest in banking safety with investors’ need for earnings growth and satisfactory return on capital. The report examines in detail such success stories across a number of business models and geographies as well as the lessons to be drawn from them.

The study provides a balanced, composite view of the considerations involved in this strategic planning. In a rapidly evolving process of global re-regulation, it assesses the impact of what has been agreed, what is still to be agreed, and provides an indication of the likely future outcomes.

Contents


PREFACE

EXECUTIVE SUMMARY
Corporate governance
New supervisory and regulatory measures
Strategic measures to reduce risk
Case studies of success in bank risk management
Views on the outlook for re-regulation
Research participants

CHAPTER 1:  THE CORE ISSUES ADDRESSED BY RE-REGULATION
1.1  More – and ‘better’ – capital
1.2  The central importance of government support to failing banks
1.3  Creating an appropriate resolution regime to avoid taxpayer funding
1.4  Too Big To Fail
1.5  The issue of bank funding
1.6  A level bank playing field: super-equivalence and other global regulatory issues

CHAPTER 2: THE EFFECTIVENESS OF CORPORATE GOVERNANCE IN BANKING
2.1  The purpose of corporate governance
2.2  The effectiveness of governance in practice
2.3  Possible means of improving corporate governance
2.4  Summary of corporate governance

CHAPTER 3:  GLOBAL RE-REGULATION: A WORK IN PROGRESS
3.1  Global measures: capital adequacy and liquidity
3.1.1  Capital adequacy
3.1.2  Liquidity
3.2  National measures: resolution regimes
3.2.1  Resolution regimes: the ring-fencing solution
3.3  Summary of global re-regulatory measures

CHAPTER 4:  STRATEGIC RESPONSES TO DATE BY THE BANKS
4.1  Macro developments across the banking sector
4.2  The transformation of the investment banking business
4.3  Changes in retail banking
4.4  The role of banks versus non-banks  
4.5  Summary of strategic responses by the banks

Chapter 5:  SUCCESS STORIES IN RECONCILING INVESTOR EXPECTATIONS AND BANKING SAFETY
5.1  Introduction
5.2  BNP Paribas
5.2.1  Business model
5.2.2  Risk management
5.2.3  Strategy evaluation  
5.3  JPMorgan Chase
5.3.1  Business model
5.3.2  Risk management
5.3.3  Strategy evaluation  
5.4  Banco Santander
5.4.1  Business model
5.4.2  Risk management
5.4.3  Strategy evaluation  
5.5  Standard Chartered Bank
5.5.1  Business model
5.5.2  Risk management
5.5.3  Strategy evaluation  
5.6  Svenska Handelsbanken (SHB)
5.6.1  Business model
5.6.2  Risk management
5.6.3  Strategy evaluation  
5.7  Toronto Dominion Bank
5.7.1  Business model
5.7.2  Risk management
5.7.3  Strategy evaluation  
5.8  Wells Fargo
5.8.1  Business model
5.8.2  Risk management
5.8.3  Strategy evaluation  

CHAPTER 6: THE LIKELY EFFECTIVENESS OF THE NEW REGULATORY MEASURES
6.1  The value of more capital and new liquidity rules
6.2  The issue of regulatory uncertainty
6.3  Does re-regulation go too far?
6.4  Focus on adverse consequences
6.5  The new regulations don’t solve the basic problems
6.6  Summary of effectiveness of the new regulations

CHAPTER 7: OUTLOOK FOR THE FUTURE
7.1  It is too early in the re-regulation process to make many sound observations
7.2  The trend toward basic retail and commercial banking
7.3  Banking will lose its share of the overall financial sector to non-banks active in risk-taking
7.4  The ideal of a level regulatory playing field in banking is unrealistic
7.5  Differentiation of strategy and returns will be a feature of the new banking environment
7.6  Views for the future of banking

CHAPTER 8:  CONCLUSIONS
8.1  Increasing the effectiveness of corporate governance
8.2  The ‘new normal’ profitability of banking and its consequences for bank investors and bank strategies
8.3  Lessons from the case studies
8.4  The outcome of efforts to restructure banking
8.5  Effective supervision: the missing link

BIBLIOGRAPHY

LIST OF FIGURES

Figure 1.1:    The evolution of core capital
Figure 1.2:    Comparative default/failure rates, 1990–2009
Figure 1.3:    The three pillars of banking wisdom
Figure 1.4:    Growth in banking system assets relative to GDP, 1990 to date
Figure 1.5:    Funding: European bank senior bonds vs. non-financial corporates, 2005 to date
Figure 3.1:    Net stable funding ratio
Figure 3.2:    Net stable funding ratio by region (%)
Figure 3.3:    Ring-fencing – in the regulators dreams, and in reality
Figure 5.1:    BNP Paribas geographic and business profile
Figure 5.2:    JPMorgan 2010 net income against performance targets
Figure 5.3:    Breakdown of Santander profits by geographic market
Figure 5.4:    Standard Chartered’s earnings growth, 2001–10
Figure 5.5:    SHB’s annual growth in equity and dividends
Figure 5.6:    TD Bank’s superior return on risk-weighted assets
Figure 5.7:    Wells Fargo Tier 1 common equity ratio
Figure 8.1:    Projected ROEs in European banking

Research participants


Autonomous Research
Arrow Financial Corporation
Barclays Bank Espana
Barclays Capital
Graham Bishop
BlackRock Investment Management
BMCE Bank
BNY Mellon
Boston Consulting Group
Collins Stewart
Credit Suisse
DnB NOR
European Banking Authority
Financial Services Authority
Fitch Ratings
Freeman & Co.
KBC Bank
Keefe, Bruyette and Woods
Lloyds TSB
Loughborough University (Professor David Llewellyn)
Herschel Post
Promontory Financial Group
Risk and Regulation Consulting Ltd
State Street Bank
Stern School
UniCredit
University of North Wales (Professor Philip Molyneux)

Reviews



“Much has been written about the causes of the financial and banking crises.  In his new book ‘The Future of Banking’ Steve Davis analyses some of the less frequently cited causes such as:deficient bank governance, regulatory shortcomings and the drive for unrealistic profitability. He uses these same factors to offer a view – as only he can and not always very comforting! – about the future and how bank managements, regulators and investors will need to respond”. Sir Win Bischoff, Chairman, Lloyds Banking Group


"An excellent, comprehensive, and highly readable work.  Steven Davis is an accomplished and internationally renowned analyst of bank trends bringing to the task a wealth of experience both as a banker and banking consultant. Davis considers the key dimensions of bank strategy, corporate governance, the evolving regulatory and supervisory regime, and risk management strategies, and offers a wealth of valuable insights.  The analysis is powerfully informed by a series of powerful case studies of banks which have been successful in risk management and strategy rather than, as with most previous studies, on what went wrong. This timely book gives an in-depth analysis of banks that have achieved success in their models over an extended period. In the process, the author considers the key issue of how to reconcile loss mitigating strategies whilst at the same time achieving satisfactory investor returns.  The penetrating discussion is also greatly informed by a series of structured interviews with bankers, analysts and supervisors.

This report is a tour de force and the analysis that Davis presents will be of real value to bankers, supervisors, bank analysts and academic scholars. It is a must-read."  Professor David T Llewellyn,oughborough University, and Vienna University of Economics and Business

.“Drawing on insight from senior industry managers, this work offers a compelling and comprehensive view of the post-crisis retail environment”  Roberto Nicastro, global retail head, UniCredit

"A fascinating analysis  - offers valuable insights and a thorough overview of current issues."
Yves Robert-Charrue, Member of the Executive Board, Head Investment Solutions Group, Bank Julius Baer & Co Ltd.

Author


Steven I Davis has spent his career in the banking and financial services sector as a senior executive, strategy consultant, author, analyst and teacher.  He is a graduate (magna cum laude) of Amherst College and of the Harvard Business School.

His 20-year career in international banking commenced at JPMorgan, where he managed a Paris-based research and M & A unit.  For Bankers Trust Company, he ran a venture capital subsidiary in New York and later the bank’s European businesses from a London headquarters.  Subsequently he set up and managed for six years the London-based merchant banking subsidiary of First International Bancshares of Dallas, Texas.

Since establishing Davis International Banking Consultants (DIBC) in 1980, he has managed several hundred strategy assignments for commercial and investment banks, global fund managers, insurers and other financial institutions.  In 1993, he headed a DIBC team which advised the Norwegian Ministry of Finance on the restructuring of the country’s banking sector during the Nordic banking crisis.  In addition, he and his colleagues have prepared over 60 research reports on the financial sector for publication by investment banks and other clients.

Mr. Davis is also the author of 14 books and reports published on best practice in the financial services sector.

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