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Introduction: Globalization and the Opening of New Markets Read chapter Read first chapter

2017 | OriginalPaper | Chapter

Banks Caught Between Regulation, Technical Progress, and Profitability

Authors : Martin Blessing, Tobias Bange

Published in: Evolving Business Models

Publisher: Springer International Publishing

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Abstract

The financial market crisis has led to extensive regulation of the financial sector at national, European, and international levels. The new measures are aimed at restoring confidence in the stability and functionality of the financial system. Regulation is focused particularly on the provision of capital and liquidity and the risk management of financial institutions.
The regulatory measures are having a major impact on the business models and profitability of financial institutions. The authors show that digitalization offers new opportunities and prospects for the innovative expansion and optimization of the banks’ business activities.

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Footnotes
1
Hans Christoph Binswanger was a professor of economics at the University of St. Gallen from 1969 until he was appointed emeritus professor in 1994.
 
2
Binswanger, Money and Magic: A Critique of the Modern Economy in the Light of Goethe’s Faust. 2. Revised version, 2005.
 
3
Johann Wolfgang von Goethe, Faust: The Tragedy, Part Two—Chapter 4 (translation by A.S. Kline © 2003).
 
4
The Chancellor in Johann Wolfgang von Goethe. Faust: The Tragedy, Part Two—Chapter 13 (translation by A.S. Kline © 2003).
 
5
§§ 32 ff. German Banking Act (KWG).
 
6
Freedom to engage in business and to practice a profession is also restricted in other sectors which are dependent on particular suitability and reliability.
 
7
Deutsche Bundesbank, Monthly Report April 2015, p. 37.
 
8
§ 91, para. 2 German Companies Act (AktG) “The management board must take suitable measures, specifically by setting up a monitoring system, to enable developments which pose a risk to the company’s future survival to be identified at an early stage.”
 
9
§§ 171 para. 1 AktG; §§ 289, 315 para. 2 German Commercial Code (HGB).
 
10
German Federal Financial Supervisory Authority; Circular 10/2012 of 14 December 2012—Minimum Requirements for Risk Management—MaRisk.
 
11
§ 25c paras. 4a and 4b KWG, inserted as a result of the legislation on protection against risks and the planned restructuring and resolution of financial institutions and financial groups, of 7 August 2013, BGBl I p. 3090.
 
12
§ 25c para. 4a No. 1 and No. 2 KWG.
 
13
§ 25c para. 4a No. 2 a and b KWG.
 
14
MaRisk AT 4.3.2 No. 1.
 
15
Recital 54 of Directive 2013/36/EU of the European Parliament and Council of 26 June 2013 on access to the activity of financial institutions and the supervision of financial institutions and investment firms.
 
16
Further details: Steinbrecher, Risk culture, BaFin Journal August 2015, p. 20 ff.
 
17
§ 25a para. 5 KWG.
 
18
Ordinance on the regulatory requirements for the remuneration systems of institutions of 16 December 2013, BGBl. I p. 4270.
 
19
Deutsche Bundesbank, Monthly Report April 2015, p. 40.
 
20
Digital Revolution in Retail Banking; chances in the new multi-channel world from a customer’s perspective; Roland Berger Strategy Consultants, February 2015 p. 15 ff.
 
Metadata
Title
Banks Caught Between Regulation, Technical Progress, and Profitability
Authors
Martin Blessing
Tobias Bange
Copyright Year
2017
Book
Evolving Business Models

Print ISBN: 978-3-319-48937-7

Electronic ISBN: 978-3-319-48938-4

Copyright Year: 2017

DOI
https://doi.org/10.1007/978-3-319-48938-4_3