Stumbling Giants: Transforming Canada’s Banks for the Information Age – PDF

Stumbling Giants: Transforming Canada’s Banks for the Information Age – PDF

Front-runner of the 2018 Donner Prize for the Best Public Policy Book by Canadian authors, Stumbling Giants, (PDF) by James L. Darroch and Patricia Meredith presents a charming new imaginative and prescient of the Canadian banking trade during which stakeholders work collectively to drive the nation’s banking system into the twenty-first century. Canada’s huge six banks survived the 2008 monetary disaster by sticking to conventional banking practices, which made them a protected harbor amongst the turmoil. With banks incomes 40 p.c return on fairness from practices like in-individual retail banking, stress from buyers with brief-time period pursuits continues to dissuade technological innovation and adaptation. Though, in the present day’s international info financial system has remodeled the monetary lives of people and corporations alike. Darroch and Meredith argue that Canadian banks refuse to handle the disruptive data-tech adjustments that ultimately threaten their very existence. The authors additionally set ahead a cohesive set of suggestions to organize the nation’s banks for the challenges and alternatives offered by the digital age. This name to motion for Canadian banking will reverberate with policymakers, monetary sector managers, and, above all, common readers.

Additional ISBNs: 978-1442649514, 978-1442620445 All Our Prices Are In US$

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