INTRODUCTION. The role of banks has been, and continues to be, shaped by a number of mega-trends: the globalization of financial markets, the rise of non-bank competitors, the ongoing evolution and implementation of new technologies, and deregulation and disintermediation (i.e., the movement away from the middleman role played by banks between depositors and lenders). Ultimately, as a direct result of the aforementioned trends, many banks have decided to extend their business transactions across national …
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showed last 75 words of 4321 total
…flip side, by allowing the entry of foreign banks, a country is allowing the entry of financial aid during times of crisis, along with resources and opportunities that would not be available in their country alone. Therefore, in order for a banking industry to succeed on a global scale, it must be willing to venture out into other banking markets, as well as willing to allow the entry of foreign banks into their own economy.