溢 制卧爱分贸多本芳 银行管理学 《银行管理学》教学大纲 Chapter 1 Fundamental Forces of Change in Banking Chapter Objectives 1.Examine how recent competitive trends affect the banking industry. 2.Demonstrate how the forces of change(deregulation and reregulation,financial innovation,securitization,globalization,and technological advances)reflect increased competition and have lead to industry consolidation,increased diversification of products and services,higher capital requirements,and entry into banking by nonbank firms, such as,investment banks,insurance companies,finance companies,and others. 3.Describe the activities of non-bank financial institutions,such as investment banks and captive automobile finance companies. 4.Introduce the structure and activities of GE Capital Services as a non-bank financial conglomerate Key Concepts 1.Competition in banking is evidenced by five fundamental forces of change that transform the structure and operation of financial institutions and markets: a. deregulation and reregulation b. financial innovation c. securitization d. globalization e.technological advances 2.Increased competition brought about by deregulation has induced banks to take on greater portfolio risks in search of acceptable returns.Many banks have moved to nontraditional banking services to earn fees that can offset the volatility in earnings from traditional loans and better help grow earnings.Increased competition has also induced traditional nonbank firms to enter traditional banking businesses. 3.Since the 1980s deregulation efforts have removed interest rate ceilings on allowable rates paid depositors and charged on certain loans and also expanded the range of products and services that banks can offer.Interstate banking and branching restrictions have similarly been eliminated. 4.In response to regulation,financial institutions create new financial instruments and financial markets,and restructure the means by which they deliver products to consumers.This financial innovation enables them to circumvent restrictions and continue growth. 第1页共29页银行管理学 第 1 页 共 29 页 《银行管理学》教学大纲 Chapter 1 Fundamental Forces of Change in Banking Chapter Objectives 1. Examine how recent competitive trends affect the banking industry. 2. Demonstrate how the forces of change (deregulation and reregulation, financial innovation, securitization, globalization, and technological advances) reflect increased competition and have lead to industry consolidation, increased diversification of products and services, higher capital requirements, and entry into banking by nonbank firms, such as, investment banks, insurance companies, finance companies, and others. 3. Describe the activities of non-bank financial institutions, such as investment banks and captive automobile finance companies. 4. Introduce the structure and activities of GE Capital Services as a non-bank financial conglomerate. Key Concepts 1. Competition in banking is evidenced by five fundamental forces of change that transform the structure and operation of financial institutions and markets: a. deregulation and reregulation b. financial innovation c. securitization d. globalization e. technological advances 2. Increased competition brought about by deregulation has induced banks to take on greater portfolio risks in search of acceptable returns. Many banks have moved to nontraditional banking services to earn fees that can offset the volatility in earnings from traditional loans and better help grow earnings. Increased competition has also induced traditional nonbank firms to enter traditional banking businesses. 3. Since the 1980s deregulation efforts have removed interest rate ceilings on allowable rates paid depositors and charged on certain loans and also expanded the range of products and services that banks can offer. Interstate banking and branching restrictions have similarly been eliminated. 4. In response to regulation, financial institutions create new financial instruments and financial markets, and restructure the means by which they deliver products to consumers. This financial innovation enables them to circumvent restrictions and continue growth