THE FUTURE OF BANKING
Hardcover Pages: 328
Copyright: 2001
Within the world of banking,
customer's needs have not changed, nor has the basic nature of the banking services they
require. However, the way banks meet these needs, and the framework within which services
are delivered, have altered beyond recognition in the last twenty years alone.
Banks have had to adapt to a
host of new phenomena ranging from regulatory issues, risk management and new technology
to globalization, consolidation and branding.
The Future of Banking
presents the opinions and predictions of the chief operators within the banking industry;
the people dealing with these phenomena, and leading change.
At a time when the financial
environment has never been more volatile, this book offers invaluable insight and
interpretation from the most knowledgeable people in the business. It features interviews
with each of these practitioners, and provides an analytical summary of the current and
future trends and concerns highlighted by them.
CONTENTS
PART I An overview
The interviews
Consolidation Globalization The role of IT Information
security Internet banking Risk Blurring of demarcation between
financial functions Competition New entrants The euro
Regulation Conclusion
PART II The interviews
SIR JOHN BOND Chairman,
HSB Holdings
MARSHALL CARTER
Chairman and Chief Executive Officer, State Street Corporation
ANGEL CORCOSTEGUI Chief
Executive, Banco Santander Central Hispano (BSCH)
ANDREW CROCKETT
Managing Director, BIS (Bank fo'fSettlement)
HOWARD DAVIES Chairman,
Financial Services Authority (FSA) UK
ROGER FERGUSON
Vice-Chairman, Federal Reserve Board
RICHARD GRASSO
Chairman, New York Stock Exchange (NYSE)
WILLIAM B. HARRISON, JR
Chairman and Chief Executive Officer, Chase Manhattan Corporation
ALEX RINNOOY KAN ING
Board Member and Head of ING Asset Management
HENRY KAUFMAN
President, Henry Kaufman & Company Inc.
DAVID KOMANSKY Chief
Executive and Chairman, Merrill Lynch & Co. Inc.
DICK KOVACEVICH Chief
Executive Officer, Wells Fargo & Company / 179
DAVID LI Chairman, Bank
of East Asia Limited
WILLIAM McDONOUGH
President, New York Federal Reserve
RICHARD MEDLEY Chief
Executive Officer and Chairman, Medley Global Advisors
LEO MELAMED Chairman
Emeritus and Senior Policy Adviser, Chicago Mercantile Exchange (CME), and Chairman and
Chief Executive Officer, Sakura Dellsher Inc.
HANK PAULSON Chief
Executive, Goldman Sachs Group Inc.
SIR BRIAN PITMAN
Chairman, Lloyds TSB
ROBERT POZEN President
and Chief Executive, Fidelity Management & Research Company
ALESSANDRO PROFUMO
Chief Executive Officer, UniCredito Italiano
CARLO SALVATORI Chief
Executive Officer, Banca Intesa
DR HENNING SCHULTE-NOELLE
Chief Executive, Allianz
KATSUYUKI SUGITA
President and Chief Executive Officer, Dai-lchi Kangyo Bank Limited
JACOB WALLENBERG SEB
ERNST WELTEKE
President, Bundesbank
PETER WUFFLI Chief
Executive Officer, UBS Brinson
FRANK ZARB Chairman and
Chief Executive Officer, National Association of Securities Dealers (NASD)