Abstract
Chapter 1 has documented that not only has the financial market changed but it is still undergoing change. The profit margins in the banks’ classical product lines have been squeezed. There is a trend towards disintermediation in loans compensated for by trading activities, which involve a high quotient of credit risk and market risk.
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© 2000 Dimitris N. Chorafas
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Chorafas, D.N. (2000). The Search for a New Global Financial Architecture. In: New Regulation of the Financial Industry. Palgrave Macmillan, London. https://doi.org/10.1057/9780333977439_2
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DOI: https://doi.org/10.1057/9780333977439_2
Publisher Name: Palgrave Macmillan, London
Print ISBN: 978-1-349-41676-9
Online ISBN: 978-0-333-97743-9
eBook Packages: Palgrave Economics & Finance CollectionEconomics and Finance (R0)