Читать книгу Nuclear Finance - Dr Anders Kjellman - Страница 2
ОглавлениеContents
The purpose is to describe patterns of good and bad banking practice 20
2 - BANK MANAGEMENT IS CHANGING 27
Change, data, methodology and experience 30
Bank managers are affected by culture, environment and egos 33
On the content of a bank manager’s work 37
On Halo Effects and complexity in banking 40
Forms of asset versus liability management 46
More about the complexity of banking 48
3 - AN OVERVIEW OF FINANCIAL MARKETS AND THE FUNCTIONS OF BANKING 50
On the financial market structure 50
The rise of finance in the world economy 53
On the functions of banking 59
The banking architecture: arenas and actors 62
About the actors of banking 63
Different types of banks and their market areas 64
Different levels and dimensions in banking 70
About banking control and instruments 72
About the instruments of banking 75
The process of bank lending: different debtors, loans and instruments 77
About the financial sources of investments 80
Why is bank lending so difficult? 83
About risks in bank lending 84
Risks and a bank manager’s space to move 91
Weak information on debtors 93
About problems of the pricing of credits 95
Is bank management different from firm management? 96
Are there parallels between bank and firm management? 97
On the balance sheets of banking and the health triangle of a bank 101
Does a bank manager remember to see off-balance sheet positions, liquidity positions and …? 103
Combining a firm’s performance with financing decisions 106
Traps in a bank manager’s work now and in the future transition 112
About banking actors’ common faults 116
About bad bank management or the lack of the 5M’s 117
4 - BAD TIMES, BAD LUCK AND BAD BANKING 121
Introduction: You need to be lucky! 121
Patterns of the decline process in banking 126
Previous descriptions of decline in banking and bank mergers 130
Remarks concerning mergers as a recovery recipe 136
The case of the mergers in the savings banks group 137
The case of Nordea 140
The rest of the merging banks in the first merger wave 143
The financial crises triggers a new bank merger wave 145
A model of bank decline and bank mergers 146
Pre-stage: The Growth stage 147
Stage 1: The blinded stage 147
Stage 2: Denial of risk and inaction to maintain or obtain needed own capital 149
Stage 3: Crisis 150
Stage 4: Bank mergers as a recovery recipe 151
Stage 5: No choice, belly up … or merge? 152
Summing up on managing bank decline 155
5 - ON GOOD BANK MANAGEMENT 158
The hard part is to figure out what works well today … and far beyond tomorrow? 158
On good bank management: Why, how and what? 161
What is good, and even great, bank management? 161
Why do I work in this bank? 162
How do I work in a bank successfully? 165
What do I do in a bank? 166
The 5M’s on good bank management: Money, Markets, Meaning, Memories and Me = we 168
1 Money 169
2 Markets – You need to be cautious! 178
3 Meaning 189
4 Me = We 192
5 Memories – magic 196
Good performance and the 5M’s 199
Performance and good banking 202
Measures of bank performance influencing opportunities to stay successful over time 204
How to improve bank performance in the Age of Nuclear Finance? 207
Conclusions concerning good management 210
6 - ON BANKING FORESIGHT IN THE AGE OF NUCLEAR FINANCE 212
How to prevent global bubbles in banking. You can’t! 216
How to prevent global bubbles in banking? 221
Discussion about the future of the banking business 222
7 - BANK PLATFORM MANAGEMENT, DISRUPTIVE FINANCIAL INNOVATIONS AND OTHER CHALLENGES 227
The jobs-to-be-done theory, method, and platform economy 231
Innovation platforms and eco-systems. Open or closed? 236
What is the hidden potential of open innovations in banking? 239
Fintech, disruptive innovations and challenges 241
The key ingredient in the financial innovations for the future is teams that have the will and skill to create … and counterattack! 248
Where to place your line of defence and where to counter-attack? 250
Summing-up the platform challenges and disruptive innovations 253
8 - CONCLUSION AND DISCUSSION 255
Management of banks in decline 258
On good bank management 259
Be modest and honest! 264
Appendix 1 Historic asset bubbles and their magnitude 273
