Includes bibliographical references and index.

The world of global banking -- Money and forex markets -- Global bond markets -- Swaps markets -- International bank lending -- Asset related and project financing -- International equity markets -- Mergers, acquisitions and corporate advisory services -- Privatizations -- Institutional asset management and insurance -- Private banking -- Assessing and managing cross-border risks -- Dealing with the regulators -- Strategic positioning and competitive performance -- Competitive implementation, organization and management.

This is a revision of the business of global banking. With the increased globalization of the world economy few sectors are the equal of banking and financial services in dynamism or structural change. Roy C. Smith and Ingo Walter assess this transformation-its causes, its course and its consequences. They begin by examining international commercial banking, including the issue of cross-border risk evaluation and exposure management, and the creation of a viable regulatory framework in a global competitive context. hey then undertake a parallel assessment of international investment banking, linking the two by means of a bridge chapter. Finally, they focus on the factors that determine winners and losers in these markets and explore the problems of strategic position and execution.