Banks, markets and the allocation of risks in an economy

Article Abstract:

Martin Hellwig is right is arguing that some aspects of risk allocation and banking need to be examined, even though the analytical models to carry out this examination are underdeveloped. Hellwig focuses on risk management rather than on services, and sees risks as having increased from 1975 to 1998. He sees banking regulation as placing too little focus on the system as a whole. Banking services are increasingly offered by retailers, and this may indicate that information technology and brand names are more important for consumer banking services, while companies need banks to have more traditional expertise.

Analysis, Risk (Economics)

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Transformation of banks and bank services

Article Abstract:

Banks have been affected by product innovation and information technology, and by regulatory changes and liberalization of the financial services industry. Banks have to make strategic choices on product ranges and where to position themselves in product life cycles. Innovations have mainly come from Anglo-Saxon countries. Demystification is a key aspect of financial products. Banks have become customer-oriented rather than product-oriented. Only a few banks are able to be global players, with other banks specializing geographically.

Financial services industry, Financial services, Product life cycle

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