Waves of change : managing global trends in the financial services industry /

Includes bibliographical references and index..

"Written in the middle of a global economic crisis, this book is about a better future. Patrick Callioni identifies and describes the major waves of change that are coming our way over the next decade or so and then provides practical advice on what to do (or avoid doing) to benefit most or suffer least from what is to come. He describes some of the problems with the present regime of regulation: 'We are regulating to catch the motes of dust floating in the air, rather than the beams that end up poking out the eyes of our financial markets' and suggests 'regulation should focus on rewarding the good, rather than punishing the bad'. He also analyzes some of the behavior that helped to create the 'Credit Crunch': 'They took healthy debt - mortgage debt that was likely to be repaid - mixed it up with toxic debt - mortgage debt not likely to be repaid - and then sold the debt on as prime, safe debt, creating untold damage'. Then he presents the waves of change that are coming: the challenges of new technologies; the business opportunities opened by reactions to climate change; and demographic changes as workers and managers are no longer predominantly baby boomers."--Publisher's description.

nmn,, 05/03/18

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