Financial Intermediation in the 21st Century

List of Tables List of Figures Acknowledgements Foreword; J.P.Roth Notes on the Contributors INTRODUCTORY ESSAY Financial Intermediation in the Age of Global Capital; G.L.Perlin PART ONE: THE NEW FINANCE ERA: CHALLENGES AND OPPORTUNITIES Banking in the 21st Century: The View from Deutsche Bank; R.E.Breuer The Internet and the Commercial Banking Industry: Strategic Implications from a U.S. Perspective; W.C.Hunter Three Imperatives to Foster as a Financial Institution in the Euro-era; J.Huyghebaert Integrating Risk Management and Capital Management; P.Shimpi IT and the Pressure to Innovate and Restructure; L.H.Thunell PART TWO: FINANCIAL MARKETS: FUTURE DEVELOPMENTS Global Finance Beyond 2000: SWX Swiss Exchange's Challenge; A.Hunziker-Ebneter Online Trading Changes the Capital Markets; M.Leclerc ABB as a Major User of Financial Markets; J.Roxendal The Transformation of Stock Exchanges in Europe; D.P.Tirez & T.Verhoest Hong Kong Financial Centre; A.Tsui PART THREE: REGULATORY/SUPERVISORY AUTHORITIES: STRENGTHENING FINANCIAL INTERMEDIATION The Basic Capital Requirements: A First Step Towards Regulation; A.Crockett New Tools and Risks in Financial Intermediation in Emerging Markets: Should Regulators and Raters Adopt New Methods? The Case of Asia; P.F.Delhaise The Role of the Financial Stability Institute of the Bank for International Settlements; J.G.Heimann Switzerland and the Challenges of Globalization; B.Hentsch Does the World Need a New Financial Architecture?; L.Mühlemann A View from an Emerging Economy; A.M.Negm Japan's Financial System; M.Wakatsuki PART FOUR: ACADEMICS' AND RESEARCHERS' VANTAGE POINTS Rethinking the African Financial Markets' Architecture in the Era of Globalization; K.Adjaoute Banking Regulation: Administrative Rules Versus Market Based Instruments; R.Bichsel Credit Risk: The New Frontier in Risk Management; D.Cossin Banking: Is Bigger Really Better?; J.P.Danthine Turbulence, Crisis and Risk Management; S.Neftci On the Quest of the Optimal Portfolio; N.Tuchschmid CONCLUDING ESSAY Whither Financial Intermediation? Managerial and Regulatory Issues: Z.Mikdashi Index