The Changing face of European banks and securities markets

Many of the problems that have been brewing in the West European banking industry have come to the boil in the years since 1990. The essays collected in this volume focus in particular on competition, organisation and strategy, regulation and crises, and securities markets and financial centres. The West European Banking Industry Has Been Facing Many Problems Since 1990. The Symptoms To Be Found Everywhere Are Intensifying Competition, Narrow Margins, Falling Profits And Frantic Efforts To Meet The New Capital Adequacy Requirements. The Problems Have Been Most Acute In Those Countries, Particularly In Scandinavia, Where Recent And Rapid Deregulation Has Taken Place, But The Need To Cut Costs, To Reduce The Scope Of Operations By Selling Subsidiaries And To Shrink The Balance Sheet By Securitising Loans Has Been Felt In All Countries. In This Volume European Banking Academics Deal With Competition, Organisation And Strategy, Regulation And Crises, And Securities Markets And Financial Centres. European Banking : An Analysis Of Competitive Conditions / Phillip Molyneux, D.m. Lloyd-williams And John Thornton -- Competition In Banking Markets : Lessons From The Italian Case / Riccardo Cesari, Vittorio Conti And Marco Onado -- New Forms Of Competition Facing The Spanish Banking System / Javier Quesada -- Bank Marketing, Organisation And Performance / Edward P.m. Gardener -- Organisational Changes In Uk Clearing Banks : The Causes And Consequences / Ian Morison -- Strategies Of Major British Banks Since Big Bang / Jack Revell -- Liquidity Management And Lender-of-last-resort Functions : Recent Developments In The Italian Banking System / Francesco Cesarini -- Economies Of Diversification And Conflicts Of Interest : The Effects Of The New Regulation In Italy / Elisabetta Gualandri And Andrea Landi -- Credit Losses In Nordic Banks / Ted Lindblom. The Internalisation Of Bond Markets / Richard Harrington -- The Development Of European Capital Markets : The Main Trends And Their Implications / Tad Rybczynski -- The Competitiveness Of European International Financial Centres / Jean-paul Abraham, Nadia Bervaes And Anne Guinotte. Edited By Jack Revell. Includes Bibliographical References And Index. Front Matter....Pages i-xxviii Front Matter....Pages 1-1 European Banking: An Analysis of Competitive Conditions ....Pages 3-29 Competition in Banking Markets: Lessons from the Italian Case....Pages 30-46 New Forms of Competition Facing the Spanish Banking System....Pages 47-56 Front Matter....Pages 57-57 Bank Marketing, Organisation and Performance....Pages 59-78 Organisational Change in Uk Clearing Banks: The Causes and Consequences....Pages 79-92 Strategies of Major British Banks Since Big Bang....Pages 93-129 Front Matter....Pages 131-131 Liquidity Management and Lender-of-Last-Resort Functions: Recent Developments in the Italian Banking System....Pages 133-143 Economies of Diversification and Conflicts of Interest: The Effects of the New Regulation in Italy....Pages 144-173 Credit Losses in Nordic Banks....Pages 174-190 Front Matter....Pages 191-191 The Internationalisation of Bond Markets....Pages 193-205 The Development of European Capital Markets: the Main Trends and their Implications....Pages 206-228 The Competitiveness of European International Financial Centres....Pages 229-277 Back Matter....Pages 278-296 An examination of the problems the Western European banking industry have been experiencing since 1990 - intensifying competition, narrow margins, falling profits and new capital adequacy requirements. The book observes that Scandinavia, in particular, has experienced acute difficulties.