Competition and Stability in Concentrated Financial Systems: Key Considerations from a Policy-Making Perspective - Softcover
Synopsis
Many financial systems are overly concentrated with a few major banks dominating. This was long considered a necessary evil to ensure stability. It turns out that this is not true, as concentration is a main cause of systemic risk. More importantly, the end users of the financial system are paying a heavy price for this concentration. Large banks have market and pricing power and the financial systems are not nearly competitive enough. As a result, products and services are over priced, not differentiated, nor transparent. Switching providers, necessary for a competitive system, is still not easy with large banks controlling the client relationships. Big tech companies moving into financial services may not increase competition either as they can dominate as opposed to diversify and further increase systemic risk. A better solution is to develop a secure and well-regulated Open Banking system and increase the number of smaller banks without creating systemic risk, but there are formidable barriers. As increasing competition is on the agenda of policy-makers, this book discusses key considerations with deep dives in two heavily concentrated financial systems, Canada and Australia.
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Competition and Stability in Concentrated Financial Systems
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LAP LAMBERT Academic Publishing Mai 2020, 2020
ISBN 10: 620053358X
ISBN 13: 9786200533586
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Seller: BuchWeltWeit Ludwig Meier e.K., Bergisch Gladbach, Germany
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Taschenbuch. Condition: Neu. This item is printed on demand - it takes 3-4 days longer - Neuware -Many financial systems are overly concentrated with a few major banks dominating. This was long considered a necessary evil to ensure stability. It turns out that this is not true, as concentration is a main cause of systemic risk. More importantly, the end users of the financial system are paying a heavy price for this concentration. Large banks have market and pricing power and the financial systems are not nearly competitive enough. As a result, products and services are over priced, not differentiated, nor transparent. Switching providers, necessary for a competitive system, is still not easy with large banks controlling the client relationships. Big tech companies moving into financial services may not increase competition either as they can dominate as opposed to diversify and further increase systemic risk. A better solution is to develop a secure and well-regulated Open Banking system and increase the number of smaller banks without creating systemic risk, but there are formidable barriers. As increasing competition is on the agenda of policy-makers, this book discusses key considerations with deep dives in two heavily concentrated financial systems, Canada and Australia. 64 pp. Englisch. Seller Inventory # 9786200533586
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Competition and Stability in Concentrated Financial Systems
Published by
LAP LAMBERT Academic Publishing, 2020
ISBN 10: 620053358X
ISBN 13: 9786200533586
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Seller: moluna, Greven, Germany
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Condition: New. Dieser Artikel ist ein Print on Demand Artikel und wird nach Ihrer Bestellung fuer Sie gedruckt. Autor/Autorin: Ozdemir BogieBogie Ozdemir is the CRO & EVP for CWB Financial Group and an active researcher. He has authored and co-authored 3 books and over 20 articles in peer reviewed risk management journals. Michael Giesinger is a risk profess. Seller Inventory # 385893411
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Competition and Stability in Concentrated Financial Systems
Published by
LAP LAMBERT Academic Publishing Mai 2020, 2020
ISBN 10: 620053358X
ISBN 13: 9786200533586
New
Taschenbuch
Seller: buchversandmimpf2000, Emtmannsberg, BAYE, Germany
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Taschenbuch. Condition: Neu. This item is printed on demand - Print on Demand Titel. Neuware -Many financial systems are overly concentrated with a few major banks dominating. This was long considered a necessary evil to ensure stability. It turns out that this is not true, as concentration is a main cause of systemic risk. More importantly, the end users of the financial system are paying a heavy price for this concentration. Large banks have market and pricing power and the financial systems are not nearly competitive enough. As a result, products and services are over priced, not differentiated, nor transparent. Switching providers, necessary for a competitive system, is still not easy with large banks controlling the client relationships. Big tech companies moving into financial services may not increase competition either as they can dominate as opposed to diversify and further increase systemic risk. A better solution is to develop a secure and well-regulated Open Banking system and increase the number of smaller banks without creating systemic risk, but there are formidable barriers. As increasing competition is on the agenda of policy-makers, this book discusses key considerations with deep dives in two heavily concentrated financial systems, Canada and Australia.VDM Verlag, Dudweiler Landstraße 99, 66123 Saarbrücken 64 pp. Englisch. Seller Inventory # 9786200533586
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Competition and Stability in Concentrated Financial Systems : Key Considerations from a Policy-Making Perspective
Published by
LAP LAMBERT Academic Publishing, 2020
ISBN 10: 620053358X
ISBN 13: 9786200533586
New
Taschenbuch
Seller: AHA-BUCH GmbH, Einbeck, Germany
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Taschenbuch. Condition: Neu. nach der Bestellung gedruckt Neuware - Printed after ordering - Many financial systems are overly concentrated with a few major banks dominating. This was long considered a necessary evil to ensure stability. It turns out that this is not true, as concentration is a main cause of systemic risk. More importantly, the end users of the financial system are paying a heavy price for this concentration. Large banks have market and pricing power and the financial systems are not nearly competitive enough. As a result, products and services are over priced, not differentiated, nor transparent. Switching providers, necessary for a competitive system, is still not easy with large banks controlling the client relationships. Big tech companies moving into financial services may not increase competition either as they can dominate as opposed to diversify and further increase systemic risk. A better solution is to develop a secure and well-regulated Open Banking system and increase the number of smaller banks without creating systemic risk, but there are formidable barriers. As increasing competition is on the agenda of policy-makers, this book discusses key considerations with deep dives in two heavily concentrated financial systems, Canada and Australia. Seller Inventory # 9786200533586
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Competition and Stability in Concentrated Financial Systems | Key Considerations from a Policy-Making Perspective
Published by
LAP LAMBERT Academic Publishing, 2020
ISBN 10: 620053358X
ISBN 13: 9786200533586
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Seller: preigu, Osnabrück, Germany
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Taschenbuch. Condition: Neu. Competition and Stability in Concentrated Financial Systems | Key Considerations from a Policy-Making Perspective | Bogie Ozdemir (u. a.) | Taschenbuch | 64 S. | Englisch | 2020 | LAP LAMBERT Academic Publishing | EAN 9786200533586 | Verantwortliche Person für die EU: preigu GmbH & Co. KG, Lengericher Landstr. 19, 49078 Osnabrück, mail[at]preigu[dot]de | Anbieter: preigu. Seller Inventory # 118473973