Management and Organisation in Financial Services

Executive Summary

When trading for a firm’s own account becomes a major activity, it ceases to be ‘trading’ and becomes ‘gambling’ (Peter Drucker, 2002). This rings true to the banking industry from the various dramatically seen examples like the recent subprime crisis which has affected even banking behemoths like Citigroup, UBS and Bear Sterns. The lack of control and regulations in the banking industry make it seem as though these ‘investment banking’ activities run parallel to the trading and speculating done by hedge funds. What concerns the public and various corporations with huge stakes in these ‘super regional’ banks, is whether their interest in being safeguarded or neglected as profits from ‘trading’ seem to be more important than the risk of ‘trading’ for these financial institutions.

Please click on the link below to view working paper:

Management and Organisation in Financial Services

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