In: Social Issues

Submitted By greatway
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Global Banking Industry

This paper will cover recent developments affecting large multinational banks, with a focus on the impact of the Global Financial Crisis of 2007 (GFC) on the worldwide banking industry and the changes and trends that are likely to affect how these banks will operate in the near future:


The GFC prompted a wave of regulatory reform across the entire industry to ensure banks are managing risk more effectively so as to avoid a repeat of the events of 2007.


The introduction of regulatory reforms such as Basel III have meant that banks are now looking at differences in capital, funding and liquidity requirements across regions and considering shifting assets among their legal entities and across regions.


Global capital markets are becoming more and more integrated, and trade flows are being directed to the less developed but faster growing regions of South East Asia, Latin America and Africa.


The increasing use of smartphones and other technological advancements are forcing banks to upgrade systems and processes to keep up to pace to meet the demands of their customers.

We have chosen to cover large multinational banks because they play an important part in the global economy. They provide financial services to MNEs (multinational national enterprises) and SOEs (state owned enterprises) and even start-up companies, which will enable them to carry out business activities in their respective industries and spur growth in their customer’s countries. Furthermore, large multinational banks can help activate global cash flow while global economy is lacking steam. Sometimes large multinational banks play an irreplaceable part in financial integration within some economies, e.g. European financial integration.

Nathan Lim (5045988)

WEI HU (5002166)…...

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