By Jörg Itschert
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.
Read or Download International Banking Strategic Alliances: Reflections on BNP/Dresdner PDF
Best banks & banking books
The main state-of-the-art learn at the pricing, modeling, and administration of credits possibility to be had the increase of credits danger dimension and the credits derivatives marketplace began within the early Nineteen Nineties and has grown ever on account that. for plenty of pros, figuring out credits danger size as a self-discipline is now extra vital than ever.
Islamic Finance is a compilation of chosen writings of Dr. Venkataraman Sundararajan (1945 2010), a world coverage maker who performed an important position within the improvement of the regulatory and supervisory frameworks and coverage for Islamic finance. Spanning greater than a decade of his techniques on Islamic finance, this publication offers either easy and complicated wisdom at the box.
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.
The research during this e-book displays a number of facets of economic zone transformation in chosen crucial ecu international locations which are anticipated to affix the european in 2004. The authors are valuable eu monetary specialists who supply, between different issues, an in depth assessment of the subsequent major issues: Banking legislation and Supervision; focus and potency of the Banking Sectors; monetary (banking) crises in chosen valuable eu international locations; and fiscal and alternate price improvement.
- Capital Investment & Financing A Practical Guide to Financial Evaluation
- Business Finance. A Pictorial Guide
- Banking in Central and Eastern Europe 1980-2006: From Communism to Capitalism
- Introduction to Islamic Banking and Finance
- Managing Financial Information in the Trade Lifecycle: A Concise Atlas of Financial Instruments and Processes
Additional info for International Banking Strategic Alliances: Reflections on BNP/Dresdner
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.
International Banking Strategic Alliances: Reflections on BNP/Dresdner by Jörg Itschert