Part I: The Environment.
2. The Globalization of Financial Services.
3. The Virtualization of Financial Services.
4. Government Regulation: The Second Key Factor Underlying Industry Structure.
Part II: Competitive Strategies.
5. The Financial Landscape: Organizations and Universal Banking (The Status Quo).
6. Competitive Strategies of International Financial Institutions.
7. Competitiveness of Commercial Banks from Key Countries.
8. Responding to the Challenge of the New Economy.
Part III: Direction of the Sector.
9. Why insurance won’t survive.
10. Investment banking at the crossroads.
11. Financial instruments and financial structures.
12. Generation of long-term investment to support long-term bond & stock markets.
13. Centers of international financial activity.
14. Surviving the twenty-first Century.
"In this important book Robert Grosse shows that, despite the internet, there are few globally active financial institutions and that there are no truly global competitors. Most financial services are still delivered locally: as a notable example, in retail banking the performance of commercial banks is stongly determined by the growth of their home markets. The future of financial services will be local rather than global." Alan Rugman, Kelley School of Business
- An informative and provocative exploration of the future of the financial services industry.
- Gives readers an idea of the kinds of financial institutions and services that will survive in the early twenty-first century.
- Focuses on likely changes in the near future, such as greater use of the Internet for banking transactions and the increasing globalization of financial services.
- Points to the probable disappearance of the insurance sector as a separate industry.
- Describes changing conditions in key financial centres, especially the US, the UK, Germany, Japan and Switzerland.