search query: @author Owen, J. / total: 6
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| Author: | Owen, J. |
| Title: | Single currency: a fear in the future |
| Journal: | Banker
1997 : MAY, VOL. 147:855,p. 28-29 |
| Index terms: | EUROPEAN MONETARY SYSTEM EUROPE COSTS FOREIGN EXCHANGE CAPITAL MARKETS SINGLE MARKET |
| Language: | eng |
| Abstract: | EMU will chance the shape of banks' business: Traditional sources of income will be lost and new sources found; Corporates and correspondents will consolidate relationships right across Europe; Pan-European capabilities will become increasingly important. Most European banks have primarily a domestically-focused business and mindset. When the question is who will win and who will lose from market changes coming with EMU, the winners will have these main characteristics: Pan-European capabilities and mindset; approach EMU as a business opportunity, not just an IT cost; Investment banking capabilities to complement commercial banking skills. This profile fits better American banks than it does most European operations. |
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