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Global Banking Industry Tendency

Global banking involves similar operations asrequirements.  The  restrictions  on
local banks do. However, global banking
usually deals with money and foreigninterests can be leapfrogged in the same
exchange; whereas local banks concentrate onway.With innovation the arrival of new
lending, asset management and consultingproducts  is  inevitable.  Banks  are
services.There are numerous ways in which you
could  segment  the  bankingengaging heavily to attract customers with
their  new  products  and
industry. One of the ways could be the
sector  in  which  the  bankopportunities. Retail and clients' services
are  listed  right  at  the
operates. For example, you could have
agricultural  banks  (Credittop of a modern banks priority. As said
before  clients  are  becoming
Agricole) or employees bank (any credit
union).  You  could  also  do  themore and more demanding and force the banks
into  finding  new  ways  of
segmentation by fields of activities. Such
as  commercial  bankssatisfying them. What is new today is
standard  tomorrow.  Such  new
(Citibank) or investment banks (Goldman
Sachs).  Commercial  bankingproducts include the arriving of ATM
machines  and  their  evolution  from
covers services such as cash management
(money  transfers,  payrollcash-dispensing machines into financial
service  depots,  and  telephone
services), credit services, deposit services
and  foreign  exchange.baking, which allows customers to arrange
from  their  phone  for  account
Whereas, investment banking is in charge of
services  like  assetbalance statements, transfers,, time deposit
transactions  and
securitization, coverage of mergers and
acquisitions,  securitiesapplication for a variety of banking
transactions.  Some  banks  have
underwriting, etc. However, because of the
deregulation  of  theeven cut the time for loan approval. The
Bank  of  Ryukyus,  Japan
financial sector, some of the commercial and
investment  bankingapproves a loan in 15 minutes. Banks are
also  keeping  a  look  out  on
institutions are competing directly in money
market  operations,asset management since this is proving to be
a  rather  prosperous
private placements, bonds underwriting, etc.
It  is,  however,  believedmarket. People of today are much more aware
of  how  they  can  use  their
that all these segments are secondary to the
geographical  segmentationassets to create a greater wealth; hence
banks  need  to  readjust  their
of the global banking industry.When defining
the geographical segmentation it is probablyproduct line. However, there are numerous
best  toother  products  that  banks
start with the main financial markets on theare starting to integrate into the markets
globe  and  itsnow.  Such  as  trading  and
corresponding financial institutions. Inpositioning (e.g. Commercial Bank), risk
Europe,  for  example,  we  havemanagement  products  or
the ECB which is in charge of monitoring thefinancial engineering and structured finance
monetary  policies  for  the(hedge funding).Challenges:As clients are
becoming more and more demanding, the banks
Euro zone. Thus, the initial function of theneed  to
12  national  banks,  that
think today of the challenges of tomorrow.
are members of the Euro Zone, is put inWith  respect  to
question.  So,  it  is  simply  a
centralizing financial institutions, a
matter of time until there are some few butcommonly  accepted  approach
powerful  financial
needs to be found, because the issue of
institutions that are going to monitor hugegiving  up  sovereignty  is
blocks  of  our  financial
definitely the issue. On a more micro
globe. Even in the USA, where there is noperspective  banks  will  surely
national  bank,  there
need to start developing their services to a
nonetheless is a strong will to centralizehigher  level.  This  could
the  various  commercial
vary from a 24 hour service, more ATM
banks, which at the moment are estimated tomachines,  international
be  around  8000.  During  the
acceptance of credit cards to lessen
period 1984-1994, the number of US bankstransaction cost, etc...Furthermore, will
decreased  by  30%  due  tobanks need to product profitability in one
form  or
successful mergers and
acquisitions.Moreover, a big change in theanother? A lot of banks are already looking
structure  of  the  global  banking  industryclosely  into  their  hit
is the development of world Islamic banking.ratios while considering the customer
10  years  ago  Islamicenvironment  and  pensions.  With
banks accounted for only US $50million, nowthe help of this research banks can use the
they  are  spread  in  75automation  to  develop  new
countries and account for US $250million,products tailored to specific customers.On
which  represents  15%  of  thethe marketing side banks have started to
really  hit  it  off  in  the
global banking industry.Another trend in the
structure evolution, which is worthlate 90s. The fact that banks are now
mentioning,developing  customer  Information
is the retailers and automobile -makers likeSystems enables them to create specific
Mitsubishi  that  becomeadvertisement  campaigns  for
banks.Innovation and productspecific clients. This is especially
development:Naturally, any change in theimportant  for  smaller  banks  since
financial  environment  stimulates  new
they often don't have the luxury of a large
innovations. One of these innovations ispromotional  budget.  On  a
increasing  liquidity.  When  a
similar token banks are also forced to use
bank decides to go global, it is naturallycustomer  databases  to
catering  to  needs  and
minimize their loan risk. Especially in
demands of more customers. This induces atimes  of  economical  hardship
greater  demand  for
banks need to be extremely careful to avoid
liquidity. Yet, another change is thebad  debt.  Hence  the
reduction  of  agency  and
Customer Information Systems will need to be
transaction costs. As market size increases,integrated  into  the  banks
the  cost  of  transactions
loan system.Furthermore, banking should be
increases as well. Thus, minimizing costsfollowing  the  pace  of  globalization  of
will  be  a  major  issue  for
the world. Banks are expanding
banks. One of the ways in which this mightinternationally  by  creating  branches  in
be  achieved  is  by  economies
host countries. However, there should be a
of scale. This means bundling together basicbetter  coordination  between
instruments  such  as  funds
home and host country branches to make
of investors (creating mutual funds).financial  processes  more
Another  way  is  to  computerize
effective and efficient. With the increase
majority of the systems. This falls underof  international  trade,  the
the  Business  Process
banks, as an intermediary, should develop
Re-engineering. Virtual banking is also ainstruments  to  better  serve
big  part  of  the  cost  cutting
exporters, importers and shipping
innovations.Another innovation that bankscompanies.Although, some of these points seem
need  to  use  is  circumventing  regulationspretty  obvious,  they  are  none  the
and internal constraints. One way to bypassless points that need to be thought about,
the  reserve  requirementespecially  when  penetrating
constraint was to establish money marketnew marketsThe article was produced by the
mutual  funds.  These  are  notmember  of
considered as deposits and thus require noSharon White is a senior writer and writers
interest  payments.  Hence,consultant at term papers. Get some useful
tips for thesis and term paper writing .
they are not subject to reserve



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