Financial Competition Risk And Accountability

Recent decades have seen a sharp increase in financial competition, intensified by globalization. Excessive risk taking leading to inevitable business failures at times reached worrying proportions. A contributing factor arose from the complexities of the derivative and other new markets. This volume attempts to analyze and explain financial market developments at the turn of the millennium with the emphasis on the need for greater responsibility and a more ethical approach to financial decision making.

Review: 'The book follows an exceptional method regarding two aspects: First, it approaches financial markets from an ethical point of view; second the analysis is carried out by a comparison of the German and British banking systems. The remarkable strength of this volume, edited by Stephen F. Frowen and Francis P.

McHugh and including 16 contributions from financial-sector professionals as well as from scholars from both countries, becomes evident for two reasons:. First, the profound examination of selected aspects of British and German financial markets provides illuminating in-depth findings and often leads to universal recommendations.

Second, the often used examples allow a fast and revealing access even to complex issues.' - Anton Burger and Philipp Ulbrich, Kredit und Kapital.