Читать книгу Nuclear Finance - Dr Anders Kjellman - Страница 4

Highlights

It was the best of times; it was the worst of times. It was a time when banks were expanding and then surprisingly exploding … like atomic bombs. And it was difficult to understand what really happened afterwards. It was the beginning of the Age of Nuclear Finance. The Global Financial Crisis followed in the footsteps of the creation of the US shadow bank market and exploded with the default of Lehman Brothers in 2008. The Coronavirus, COVID-19, also emerged unexpectedly in 2020 and exploded, sending shock waves all over the world. The purpose of this book is to analyse and provide guidelines on how bank managers and customers can adapt to the challenges being faced during the Fourth Industrial Revolution. There has never been so much money, nor so much regulation around. And the banking sector is changing, due to negative interest rates, disruptive financial innovations and technology. We live in a finance-driven digitalised world.

Bank management is different from company management. As a bank manager, you are responsible for a longer period of time than a company manager, who is ‘only’ responsible until the guarantee period elapses. Experience is one of the best assets in banking. Real life working experience from banking, entrepreneurship, finance or industry is often required in order to understand what the present, past and future might bring. And do remember to be aware of the halo effect in banking! Do you know what halo effects are? One of the worst halo effects is a celebrated, strong, feared leader. We have seen many banks fail due to strong leaders.

Bank managers must manage trustfully and honestly, for they have the ultimate responsibility for our money all the time. We argue that bank teams should work like a jazz band – playing together in order to create wonderful music in global, national, and local banking arenas.

We have conducted and experienced both bad (wrong) and good (right) bank management. The patterns of both types of bank management will be analysed. Bad banking is easier to analyse because it involves elements of errors, mistakes, legal consequences, scandals, fraud, bad results, internal investigations and news headlines. We will provide some guidelines concerning what and how a bank manager should identify the banking business in a finance-driven digitalised world! We have evidence that it is possible to show, in a concrete manner, how a banker can start to improve the performance and the results with our new 5M-model. If you are interested in real and good bank management in this finance-driven digitalised world, then this is the book for you.