Description
Learn from the Veterans How to Make Sense of and Profit from the Financial Services Revolution
The last 20 years have witnessed a financial services revolution which, if anything, is growing more complex. Among the most significant aspects of this revolution are the changes in the roles of banks, insurance companies and mutual funds in the financial services industry. Insurance companies offer mutual funds, mutual funds offer check writing services, banks market advisory services-virtually any financial product is available from any of these providers. In addition, the simple, straightforward business operations of the past have given way to risk management through derivatives, a broad range of defined contribution pension plans, multiple regulatory bodies and numerous alternatives to existing opportunities.
In The Financial Services Revolution, Editor Clifford E. Kirsch explores the major legal and policy issues challenging the current financial services environment, with essays and articles from financial services leaders discussing:
• Derivatives for risk management.
• The emerging parallel banking system.
• Rapid changes in retirement savings options.
• The explosion of new financial instruments for investment.
ISBN:9780786309627
