Get International Banking Strategic Alliances: Reflections on PDF

By Jörg Itschert

ISBN-10: 1349431710

ISBN-13: 9781349431717

ISBN-10: 1403937621

ISBN-13: 9781403937629

The ecu Union is an more and more vital impression on our day-by-day lives with very important political, fiscal and cultural implications. to appreciate tips on how to bridge the gaps among nationwide cultures and fiscal platforms is an important. This booklet considers intensive from the interior out, one such Franco-German collaboration within the banking region and sheds mild on those imperatives. The practitioner-academic collaboration presents particular insights right into a genuine cross-border alliance in an obtainable demeanour.

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Jörg Itschert's International Banking Strategic Alliances: Reflections on PDF

The ecu Union is an more and more very important impact on our day-by-day lives with very important political, monetary and cultural implications. to appreciate find out how to bridge the gaps among nationwide cultures and monetary structures is an important. This publication considers extensive from the interior out, one such Franco-German collaboration within the banking quarter and sheds mild on those imperatives.

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Additional info for International Banking Strategic Alliances: Reflections on BNP/Dresdner

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Moreover, BNP and Dresdner wanted to give their backing to the globalization tendencies 12 A New Brand of International Banking Alliance 13 of the currency, financial and credit markets. All this seemed to be within reach in the historic haze that was 1990. Hence the need to act quickly, lest two other renowned banks of different national origin and of similar size beat them to it with a similar concept. 1 The importance of presenting the alliance under a joint ‘banner’ Wherever joint operational units were established, the chief concern was to outwardly project a uniform corporate image.

Apparently, each bank mistrusted the other’s traditional business model yet, in cases of doubt, the company laws applicable locally were to provide the solution for questions of valuation. Since the responsible local auditors were also bound by the local laws, there was in reality no scope for deviating arrangements. The person least likely to benefit from such dogmatism was the customer for, if an esteemed medium-sized corporate client lacking Anglo-Saxon business experience visits a joint venture ( JV) branch in person, rather than engage in English conversation what he wants is an experienced fellowcountryman who can give him the advice he needs.

Further measures subject to reporting requirements were banks’ memberships in multilateral banking associations (cf. Chapter 1), which – despite their de facto harmlessness – had to be registered under the stringent antitrust laws as so-called international restraints on competition. Next, formal proceedings were held to ‘relieve’ these associations of their anti-competitive quality, but for a limited time only. The principle that prevailed was one of preventative control. The subsequent vice-president of BAKred had given a detailed account of this practice to a conference in Salzburg in 1973, not without irony.

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International Banking Strategic Alliances: Reflections on BNP/Dresdner by Jörg Itschert


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