Abstract
We start by providing a description of banks’ main activities, the key functions played by the banking industry in an economic system, and the main types of banks. We then examine the main distinctive features of banking services. Next, we look at bank regulation, its main objectives, tools and historical evolution, and briefly examine the main Basel III reforms, which were approved after the recent financial crisis. Finally, we look at bank strategies and business models after the financial services crisis, highlighting the main factors distinguishing resilient banks from the less resilient banks.
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References
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Sironi, A., Venzin, M. (2016). Banking Industry. In: Augier, M., Teece, D. (eds) The Palgrave Encyclopedia of Strategic Management. Palgrave Macmillan, London. https://doi.org/10.1057/978-1-349-94848-2_618-1
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DOI: https://doi.org/10.1057/978-1-349-94848-2_618-1
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Publisher Name: Palgrave Macmillan, London
Online ISBN: 978-1-349-94848-2
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