PRAISE FOR
Banking on Change
"In this 140th Anniversary celebration book, The London Institute of Banking and Finance stick to their core function of educating us all, but especially aspirant bankers, on the role and concerns of (retail and commercial) banking in the UK. They have assembled a well-chosen group of practitioners from a range of professions to write clear and easily assimilable essays, no technical expertise required, on a wide variety of current banking issues. If you want to learn about the current practices and problems of UK retail banking, this book must be essential reading."
--Charles Goodhart, emeritus professor of banking and finance at the London School of Economics
"In this important book, a line from Bill Allen's contribution is key: 'Nobody can predict the ferocity of the gale of creative destruction' that faces the financial services sector. True; but if you read the many and varied contributions, you'll have a pretty good idea. Moreover, you'll understand how we (that is, bankers) got here - and what we should do to make the industry more competitive, fairer and more genuinely useful. It is a soup-to-nuts look at banking - from the early days of the Institute of Banking, through the go-go years of ifs, to a present and future that are likely to be dominated by technology. It is well-worth a long read."
--Andrew Hilton, director, Centre for the Study of Financial Innovation
"If you were to imagine what a book celebrating 140 years of financial knowledge might contain, you could not come up with a better selection than this. As well as a historic sweep - from no-tech to fintech, the decline of trust and the rise of competition - today's hot subjects are addressed, including sustainable investing, cultural diversity and digital identity. The cradle-to-grave nature of the industry is captured in pieces about financial education and pensions. And it's well written, setting the scene nicely for the next era."
--Jane Fuller, Fellow of the Society of Investment Professionals
Financial services are undergoing rapid, and potentially dramatic, change. What will happen in payments, in sustainable finance and in fintech? How can the industry boost financial inclusion and ensure that its workforce has the skills it needs to meet regulatory requirements and to compete with new entrants? Can trade finance rise to the challenge of underpinning global trade for all and help the developing world avoid "financial abandonment"? What do financial services need to do to protect our digital identities?
Banking on Change provides insights by experts and influencers from across the financial services industry on these and other questions.
Published to mark the 140th anniversary of The London Institute of Banking & Finance, this book is intended to be of lasting value to both students and professionals.
Sprache
Verlagsort
Dateigröße
ISBN-13
978-1-119-60999-5 (9781119609995)
Schweitzer Klassifikation
1 - Cover [Seite 1]
2 - Title Page [Seite 5]
3 - Copyright [Seite 6]
4 - Contents [Seite 7]
5 - About the Editor [Seite 9]
6 - About the Contributors [Seite 11]
7 - Foreword [Seite 17]
8 - About the Book [Seite 19]
9 - Introduction: Navigating the Centuries [Seite 25]
9.1 - An Examination of Commercial Undertakings [Seite 27]
9.2 - The Future - Online and Off [Seite 32]
10 - Chapter 1 Banking, Finance and Society: What Keeps the Motor Running? [Seite 35]
10.1 - Trusting That the Brakes Will Work [Seite 37]
10.2 - What Have the Banks Ever Done For Us? [Seite 38]
10.3 - Responsible Road-users: Society's Non-financial Needs [Seite 38]
10.4 - Pedal to the Metal [Seite 40]
10.5 - White Lines and Seat Belts [Seite 41]
10.6 - Trusting What's Under the Bonnet [Seite 42]
10.7 - This is Between Us [Seite 43]
11 - Chapter 2 Standing the Test of Time [Seite 45]
11.1 - Hold the Campari and Ice [Seite 46]
12 - Chapter 3 What Happens When Nobody is Watching: Regulation, Bank Risk Culture and Achieving Environmental Sustainability [Seite 51]
12.1 - Banking and Sustainability [Seite 52]
12.2 - Bank Risk Culture: The Tone From the Top [Seite 55]
12.3 - Getting Personal: Recent Developments in the UK [Seite 59]
12.4 - Bank Culture and Sustainability - Where Should the Focus Be? [Seite 61]
12.5 - Summary and Conclusion [Seite 65]
13 - Chapter 4 It Takes an Ecosystem: The Future of Trade Financing [Seite 67]
13.1 - An 'Ecosystem' View of Trade [Seite 69]
13.2 - Physical, Financial and Informational: Three Elements, One Supply Chain [Seite 70]
13.3 - Digitisation of Trade and Trade Financing [Seite 72]
13.4 - All Together Now: Financing Gaps and Alternative Financiers [Seite 73]
13.5 - Regulation and Compliance [Seite 74]
13.6 - Non?bank Capital and the Trade Finance Asset Class [Seite 76]
13.7 - What is New Under the Sun. [Seite 77]
14 - Chapter 5 A New Playbook for Banks [Seite 79]
14.1 - Bank Performance [Seite 80]
14.2 - The Macro?economic Backdrop [Seite 80]
14.3 - How Banks Make Money [Seite 83]
14.4 - Risk and Reputation [Seite 86]
14.5 - The Challenges [Seite 87]
14.6 - The Banks' Own Plans [Seite 88]
14.7 - Brexit [Seite 91]
14.8 - Conclusion: The Outlook For Banks [Seite 91]
15 - Chapter 6 Sustainable Investment: The Golden Moment [Seite 93]
15.1 - One Decade On [Seite 94]
15.2 - Sustainable Investing: Environmental, Social and Governance (ESG) and Impact Investing - Name Your Terms [Seite 95]
15.3 - A Clear Framework - The Spectrum of Capital [Seite 96]
15.4 - What Good is It? [Seite 98]
15.5 - Sustainable Investment and Consumer Trust [Seite 99]
15.6 - The Purposeful Business [Seite 99]
16 - Chapter 7 Living 'Off Income' [Seite 103]
16.1 - Wealth Protection [Seite 107]
16.2 - The Advice Gap [Seite 108]
16.3 - An Englishman's Home and His Pension [Seite 110]
16.4 - Time to Talk [Seite 112]
16.5 - Conclusion [Seite 115]
17 - Chapter 8 Power to the Customer: Disrupting Banking [Seite 117]
18 - Chapter 9 RIP Libor [Seite 125]
18.1 - The Evolution of a Gentlemen's Hypothesis [Seite 127]
18.2 - The (Credit) Crunch [Seite 129]
18.3 - The Culture and the Cost [Seite 131]
18.4 - Attempts at Reform [Seite 133]
18.5 - Goodbye Libor. Hello Sonia, SOFR, Tonar, Ester and Saron [Seite 134]
18.6 - Reach For Your Lawyers [Seite 135]
18.7 - What Does the End of Libor Teach Us About Financial Markets? [Seite 136]
19 - Chapter 10 Boosting UK Bank Competition: Still Many Cliffs to Climb [Seite 139]
19.1 - Making Failing Safe [Seite 141]
19.2 - Making Competition Central [Seite 145]
20 - Chapter 11 Changing the Face of Banking and Finance [Seite 149]
20.1 - Gender Diversity - A Business Opportunity Too Good to Miss [Seite 150]
20.1.1 - Group and Business Performance [Seite 151]
20.1.2 - Innovation [Seite 152]
20.1.3 - Corporate Governance [Seite 153]
20.1.4 - Culture [Seite 153]
20.1.5 - The Regulator's Case [Seite 154]
20.1.6 - The Moral Case [Seite 155]
20.1.7 - The Client Case [Seite 156]
20.1.8 - The Level Playing Field [Seite 158]
20.1.9 - Summary [Seite 159]
20.2 - The UK Banking and Finance Industry [Seite 159]
20.3 - The US Banking and Finance Industry [Seite 160]
20.4 - Looking Ahead [Seite 161]
20.4.1 - What is Holding Up Diversity? [Seite 161]
20.4.2 - On the Cusp of Positive Change [Seite 163]
20.5 - Conclusion [Seite 164]
21 - Chapter 12 Getting the Right Stuff [Seite 165]
21.1 - Restoring and Future?Proofing a Profession [Seite 169]
22 - Chapter 13 Financial Education: How to Make it Count [Seite 173]
22.1 - Getting to the Chalk Face [Seite 175]
22.2 - Delivering Financial Education [Seite 177]
22.3 - How the Industry Shares its Knowledge [Seite 180]
22.4 - Putting Together the Jigsaw [Seite 181]
22.5 - How to Make it Count: A Mini?manifesto [Seite 184]
23 - Chapter 14 Banking on Identity [Seite 187]
23.1 - Practical Passports [Seite 189]
23.2 - Building Checkpoints [Seite 190]
23.3 - First Steps [Seite 192]
23.4 - Privacy as Proposition [Seite 193]
23.5 - ID Need [Seite 194]
24 - Chapter 15 Going Over the Top [Seite 197]
24.1 - Where the Value Lies [Seite 200]
24.2 - What Fintechs Do Well [Seite 201]
24.3 - The Incumbent Fightback [Seite 202]
24.4 - The Incumbent Insurgents [Seite 203]
24.5 - Hiding in Plain Sight [Seite 204]
24.6 - Conclusion [Seite 205]
25 - Chapter 16 Banking Technology: Can the Centre Hold? [Seite 207]
25.1 - Banking and the Adoption of Technology [Seite 208]
25.2 - In the Here and Now [Seite 210]
25.3 - Keeping it Within the Firm [Seite 214]
25.4 - The Challenger Model - A New Spin on Spin?off [Seite 218]
26 - Chapter 17 The Future of Payments [Seite 223]
26.1 - Introduction [Seite 224]
26.2 - Payments Sans Frontières [Seite 225]
26.3 - The Grip of the Incumbents [Seite 226]
26.4 - Payment Infrastructure Change in the UK [Seite 228]
26.5 - Open Banking: New Business Models and Services [Seite 229]
26.6 - Data in Payments [Seite 230]
26.7 - And Now, Back to the Future [Seite 231]
26.8 - Conclusion [Seite 234]
27 - Chapter 18 Life Lessons [Seite 235]
28 - Index [Seite 241]
29 - EULA [Seite 251]
