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This book constitutes revised selected papers from the 11th International Workshop on Enterprise Applications, Markets and Services in the Finance Industry, FinanceCom 2022, held in Twente, The Netherlands, in August 2022.The 8 full papers presented in this volume were carefully reviewed and selected from a total of 25 submissions. They deal with the adoption of innovative technologies in the financial services industry. The conference features four main themes: networks and business models, financial markets, IT and implementations, and new emerging digital and virtual financial markets.

The global halal industry is likely to grow to between three and four trillion US dollars in the next five years, from the current estimated two trillion, backed by a continued demand from both Muslims and non-Muslims for halal products. Realising the importance of the halal industry to the global community, the Academy of Contemporary Islamic Studies (ACIS), the Universiti Teknologi MARA Malaysia (UiTM) and Sultan Sharif Ali Islamic University (UNISSA) Brunei have organised the 4th International Halal Conference (INHAC) 2019 under the theme “Enhancing Halal Sustainability'. This book contains selected papers presented at INHAC 2019. It addresses halal-related issues that are applicable to various industries and explores a variety of contemporary and emerging issues. It covers aspects of halal food safety, related services such as tourism and hospitality, the halal industry - including aspects of business ethics, policies and practices, quality assurance, compliance and Shariahgovernance Issues, as well as halal research and educational development. Highlighting findings from both scientific and social research studies, it enhances the discussion on the halal industry (both in Malaysia and internationally), and serves as an invitation to engage in more advanced research on the global halal industry.

This book presents the best papers from the 3rd International Conference on Mathematical Research for Blockchain Economy (MARBLE) 2022, held in Vilamoura, Portugal. While most blockchain conferences and forums are dedicated to business applications, product development or Initial Coin Offering (ICO) launches, this conference focuses on the mathematics behind blockchain to bridge the gap between practice and theory.Blockchain Technology has been considered as the most fundamental and revolutionising invention since the Internet. Every year, thousands of blockchain projects are launched and circulated in the market, and there is a tremendous wealth of blockchain applications, from finance to healthcare, education, media, logistics and more. However, due to theoretical and technical barriers, most of these applications are impractical for use in a real-world business context. The papers in this book reveal the challenges and limitations, such as scalability, latency, privacy and security, and showcase solutions and developments to overcome them.

Master's Thesis from the year 2020 in the subject Economics - Macro-economics, general, grade: 1,0,, language: English, abstract: This paper is about the relevance of cluster economics for the FinTech industry. While the FinTech industry overall has experienced strong growth in recent years, the geographical presence of FinTechs is not homogeneously distributed. Instead, it can be observed that certain FinTech hotspots are emerging. Within the political arena there is a discussion about how to make business locations more attractive for the accumulation of FinTechs. In this context the theory of economic clusters must be investigated. What are the underlying factors that contribute to the formation of FinTech clusters? This paper builds on initial studies on this topic and sheds light on various factors that could be decisive for the agglomeration of FinTechs. Using Michael Porter's Diamond Model, various factors were derived, which were then statistically examined using a data sample for the European Union. The results of the study show that besides the availability of positive externalities, such as specialized talent pools, universities, and accelerators, demand factors such as total market size, internet connectivity, and financial literacy are relevant. Furthermore, the results suggest that the presence of competitors and similar firms, as well as the strength of intellectual property protection laws, are related to the size of FinTech clusters. Based on the results, recommendations for policy makers and FinTech entrepreneurs are provided.

This proceedings book presents selected papers from the 10th international conference on the'Economies of the Balkan and Eastern European Countries in the Changing World'(EBEEC), held in Warsaw, Poland, in May 2018. In addition to discussing the latest research, it includes papers adopting a wide variety of theoretical approaches and empirical methodologies and covering a number of key areas, such as international economics, economic growth, finance and banking, insurance, healthcare, agriculture, labor and energy markets, innovation, management and marketing. In addition, the authors discuss policy instruments and best practices for the region. This book appeals to scholars and students in fields of economics and finance as well as practitioners interested in the development of the region.

George J. Benston, professor of Finance, Accounting, and Economics at Emory University's Goizueta Business School, died unexpectedly in January 2008. He was an impassioned advocate for corporate integrity and a unique scholar; his research interests were as broad as those of any recent academician. His colleagues have selected and organized his most important papers into two volumes. This first volume consists of his research in the banking and financial services industry. The editor has selected a broad range of papers from each of the major areas that are representative of Benston's work in that particular field. James D. Rosenfeld, Professor of Finance, Accounting, and Economics, Goizueta Business School, Emory University, serves as the editor and is assisted by an editorial advisory board including George Kaufman, Greg Waymire, Bob Eisenbeis, Larry Wall, Rashad Abdel-Kalik, and Lemma Senbet.

This book features a selection of papers presented at the 15th International Conference “Economies of the Balkan and Eastern European Countries” (EBEEC), held at the University of the Aegean in Chios, Greece, May 12-14, 2023. The EBEEC conference serves as an annual meeting of policy makers from Eastern European and Balkan countries as well as scientists. More than 300 researchers and students attended the conference and presented their work in parallel sessions.This volume deals with various aspects of economic growth, prosperity and (environmental, social and economic) sustainability of countries in the region in the context of globalization and digitalization. It also examines topics such as consumer behavior towards new products and services, human capital, teleworking, the food market, international trade and foreign direct investment. In turn, the book proposes frameworks and solutions to help countries deal with and manage the complex local and global environment.

The Asia and the Pacific region is actively seeking ways to optimise the use and availability of its natural resources, which have been contributing to environmental degradation and hindering its sustainable development. This volume documents and promotes various initiatives showcasing the efforts countries in the region are making towards the implementation of the SDGs.This book is part of the'100 papers to accelerate the implementation of the UN Sustainable Development Goals initiative'.

This book focuses on improving reading comprehension by targeting the jargon, idiomatic language and academic expressions used in the business world. A Student's Guide to the Language of Finance is a reference textbook designed to unlock the jargon of the business and finance world for international students, improving the reading comprehension and writing skill of English language learners by targeting the jargon, idiomatic language, and academic expressions employed in the business, finance, and banking fields. Covering terms not always captured in business dictionaries or workbooks, the resource also contains sections on spoken business English, key academic terms found in textbooks and journals and useful expressions to employ when writing an academic paper. It is specifically targeted at students whose first language is not English.

This open access book examines the history and role of money. Money is often defined in terms of three interrelated functions: as a medium of exchange, store of value and unit of account. Researchers frequently discuss the first two functions, but tend to ignore unit of account. This book focuses on how a unit of account or denomination can be defined and can be derived from the monetary system. In the case of paper money and coins, we know how to determine the denomination of money based on the problem of the least number of weights defined by Bâchet and proved by Hardy and Wright (1960). However, in the case of digital or cryptocurrency, denomination may not matter because digital or cryptocurrency uses a wallet that is essentially denomination free: a wallet can contain any amount of currency without upper and lower limits. When people talk about the stablecoin, i.e. the stable price of digital and cryptocurrency with the major legal tender, they take a unit of account or denomination of digital or cryptocurrency as given. This arrangement destroys the nature of denomination free or decentralized autonomy as it were. Exploring how we can consolidate with these two views of denomination, this book will appeal to anyone interested in creating new digital or cryptocurrencies. It also serves as a textbook on central bank digital currency.

Bankers are administrators of other people's money, and they are responsible both to their depositors and to other stakeholders. Human nature being what it is, however, they sometimes fall prey to overweening ambition, coming to see themselves as the rightful beneficiaries of the moneys entrusted to them. This can lead them to make poor lending decisions and engage in risky practices, eventually moving on to cosmetic accounting and the concealment of problems, speculation and even outright fraud.Supervisors are there to prevent such behaviour, of course. They are responsible to government and the general public alike for the stability of the financial system, the proper allocation of financial resources by the banks and the protection of depositors and creditors. Their responsibility is, then, subsidiary to that of the bankers themselves.Where supervision is lax and ineffective, however, it encourages bad management by bankers, creating a vicious circle that eventually leads to financial crises, which has most often to be cured using tax-payers'money. Of course, it also hurts the broader economy. That is why the inseparable trio of regulation, supervision and resolution must exist.In this collection of his writings over a period of some 50 years, Aristóbulo de Juan describes the causes, characteristics and consequences of financial crises based on his own experience as a central banker, world bank expert and consultant spanning a career of more than 55 years.In a nutshell, the papers brought together in this book recount circumstances that have always plagued banking, and that are only too likely to recur in the future.

Women are underrepresented at all levels of the global financial system, from depositors and borrowers to bank board members and regulators. A new study at the IMF finds that greater inclusion of women as users, providers, and regulators of financial services would have benefits beyond addressing gender inequality. Narrowing the gender gap would foster greater stability in the banking system and enhance economic growth. It could also contribute to more effective monetary and fiscal policy. New evidence suggests that greater access for women to and use of accounts for financial transactions, savings, and insurance can have both economic and societal benefits. For example, women merchants who opened a basic bank account tend to invest more in their businesses, while female-headed households often spend more on education after opening a savings account. More inclusive financial systems in turn can magnify the effectiveness of fiscal and monetary policies by broadening financial markets and the tax base. The paper also studies the large gaps between the representation of men and women in leadership positions in banks and in banking-supervision agencies worldwide. It finds that, shockingly, women accounted for less than 2 percent of financial institutions'chief executive officers and less than 20 percent of executive board members. The analysis suggests that, controlling for relevant bank- and country-specific factors, the presence of women as well as a higher share of women on bank boards appears associated with greater financial resilience. This study also finds that a higher share of women on boards of banking-supervision agencies is associated with greater bank stability. This evidence strengthens the case for closing the gender gaps in leadership positions in finance.

Exploiting a granular panel dataset that breaks down capital inflows into FDI, portfolio and other categories, and distinguishes between credit to the household sector and to the corporate sector, we investigate the association between capital inflows and credit growth. We find that non-FDI capital inflows boost credit growth and increase the likelihood of credit booms in both household and corporate sectors. For household credit growth, the composition of capital inflows appears to be more important than financial system characteristics. In contrast, for corporate credit growth, both the composition and the financial system matter. Regardless of sectors and financial systems, net other inflows are always linked to rapid credit growth. Firm-level data corroborate these findings and hint at a causal link: net other inflows are related to more rapid credit growth for firms that rely more heavily on external financing. Further explorations on how capital flows translate into more credit indicate that both demand and supply side factors play a role.

Global Financial Development Report 2015/2016 focuses on the ability of financial systems to sustainably extend the maturity of financial contracts for private agents. The challenges of extending the maturity structure of finance are often considered to be at the core of effective, sustainable financial development. Sustainably extending long-term finance may contribute to the objectives of higher growth and welfare, shared prosperity and stability in two ways: by reducing rollover risks for borrowers, thereby lengthening the horizon of investments; and by increasing the availability of long-term financial instruments, thereby allowing households to address their lifecycle challenges.The aim of the report is to contribute to the global policy debate on long-term finance. It builds upon findings from recent and ongoing research,lessons from operational work, as well as on inputs from financial sector professionals and researchers both within and outside the World BankGroup. Benefitting from new worldwide datasets and information on financial development, it will provide a broad and balanced review of theevidence and distill pragmatic lessons on long-term finance and related policies.This report, the third in the Global Financial Development Report series, follows the second issue on Financial Inclusion and the inaugural issue,Rethinking the Role of the State in Finance. The Global Financial Development Report 2015/2016 will be accompanied by a website worldbank.org/financialdevelopment containing extensive datasets, research papers, and other background materials as well as interactive features.

The latest scholarly developments in research on banking, financial markets, and the recent financial crisis. This selection of papers were presented at the Wolpertinger Conference held in Valletta, Malta, 2012 and provide insights into bank performance, banking risk, securitisation, bank stability, sovereign debt and derivatives.

This book is devoted to an issue that is the subject of growing interest amongst policy makers, financial providers and academics. That issue is the problem of unbanking or underbanking in developed countries. The issue has arisen because, faced with an ever more sophisticated and efficient financial system, an increasing number of people have found themselves in danger of being excluded from it. The goal of the papers that follow is to draw attention, both through a theoretical framework and through field study, to the need for banks, financial institutions, public authorities and non profit associations to increase their efforts to understand the process of financial exclusion, so that they can develop approaches to help people on low to moderate incomes to gain access to the whole range of financial services, from payment to savings, and from loans to investment. Some farsighted banks and financial institutions have already developed strategies, and introduced new products and services, to promote financial inclusion in these untapped markets. The research group is international and multi-disciplinary. The authors are grateful to the Italian Ministry for University Research (MIUR) for financial assistance provided under the “PRIN 2003” programme. The volume has been produced thanks to support from the University of Valle d'Aosta – Université de la Vallée d'Aoste (Italy), which has an leading reputation for encouraging research on financial innovation aimed at marginalised groups.

This collection of papers arises from two major international conferences on inward investment and regional development, and the role of accumulated capital in regional business development. The papers cover a wide spectrum of development and finance issues with the common theme that capital flows can have a substantial impact on regional development.

These essays span the author's thirty years in professional economics. Fundamental papers on vertical (industrial) control, property rights, approaches to market behaviour, macroeconomic dynamics and the paper-money systems of 18th century British North America are revised and reappraised.

Inspiring stories and actionable advice from highly successful women in fintech Through a thematic table of contents, Fintech Feminists: Increasing Inclusion, Redefining Innovation, and Changing the Future for Women Around the World takes readers on a journey that unveils the profound impact of the fintech industry on our global economy, fueled by the inspiring stories of women leaders who play an integral role in reshaping the financial landscape. Written by Nicole Casperson, an award-winning journalist and leading figure in the fintech sector, this book delivers actionable strategies and insights to navigate the fintech industry, drive positive change, and contribute to the ongoing transformation of the digital era. In this book, readers will find stories from women such as: Shivani Siroya, Founder and CEO of Tala, showing how she communicated her vision to investors effectively, emphasizing its market potential, social impact, and alignment with emerging industry trends Lule Demmissie, CEO of eToro US, explaining how she successfully navigated corporate environments by building supportive networks and advocating for diversity Sallie Krawcheck, Founder and CEO of Ellevest, revealing negotiation tactics that enable successful women entrepreneurs in fintech to secure funding Fintech Feminists: Increasing Inclusion, Redefining Innovation, and Changing the Future for Women Around the World delivers a roadmap for success to women in fintech, along with all business leaders and entrepreneurs who seek to thrive in an evolving and inclusive financial landscape.

This book offers insights how to foster financial inclusion and combat poverty in alignment with the first UN Sustainable Development Goal (SDG), which pledges ‘No Poverty'. From describing and analysing e-financial tools to providing tailored strategies for financial inclusion, this book equips readers with actionable knowledge to drive positive change. The contributions explore the synergy between cutting-edge digital finance with all the newest technological innovations and the pursuit of a poverty-free world. Readers will learn how to implement e-financial strategies for sustainable economic growth and social progress. The book is a must-read for policymakers, economists, and anyone dedicated to shaping a better future for all.

This second edition of the book analyses the latest developments in investment management policy for institutional investors. It is divided into four parts, which have been updated to include the newest approaches and strategies in asset allocation, portfolio management and performance evaluation. The first part analyses the different types of institutional investors, i.e. institutions that professionally manage portfolios of financial and real assets on behalf of a wide range of individuals. This part goes on with an in-depth analysis of the economic, technical and regulatory characteristics of the various categories of investment funds and of other types of asset management products, which have a high rate of substitutability with investment funds and represent their natural competitors. The second part of the book identifies and investigates the stages of the investment portfolio management. Given the importance of strategic asset allocation in explaining the ex post performance of any type of investment portfolio, this part provides an in-depth analysis of asset allocation methods, illustrating the different theoretical and operational solutions available to institutional investors. The third part describes performance assessment, its breakdown and risk control, with an in-depth examination of performance evaluation techniques, returns-based style analysis approaches and performance attribution models. Finally, the fourth part deals with the subject of diversification into alternative asset classes, identifying the common characteristics and their possible role within the framework of investment management policy. This part analyses hedge funds, private equity, private debt, real estate, infrastructures, commodities and currency overlay techniques.

Banking, and investment banking in particular, is to a large extent investigated empirically in the academic literature. The theory of investment banking behaviour and the relationship between investment banks and their clients is not widely known and applied to analyse developments in this industry. This book provides readers with a comprehensive and state-of-the-art overview of the theories of investment banking. It presents theories in all areas that investment banks are active, using a consistent and coherent framework, that allows combining different theories to develop more comprehensive analysis of developments in this important industry. Going beyond the activities of investment banks, this book also includes an analysis of some of the employment practices and strategies found in investment banks. The book is intended for students. However, it will also benefit practitioners working in the field and professionals who aspire to such professional activities in the financial industry.

This book provides a thorough introduction of fintech in general and cryptocurrencies in particular. It describes the courses of action and policies by central banks to control and regulate these disruptive innovations, to a wide readership. In doing so, the book elaborates on the interrelationship between issues such as fintech and cryptocurrencies, central banks and digital currencies, Neo/challenger banks, financial inclusion and new generation of investors, while highlighting their regulatory and monetary implications. It does so by first (a) contributing to a rapidly emerging and expanding field of study on financial technology and digital banking, (b) emphasizing the organic interconnectedness of these advancements with socio-economic fabric of our societies and (c) layouts the countermeasures taken by central banks in response to disruptive technologies. The book serves as a valuable supplement for courses on Fintech, appealing to a broad range of readers including students, academics, banking and finance practitioners and policy makers. The book serves as a valuable supplement for courses on finance, business administration, commerce, economics and governance, appealing to a broad range of readers including students, academics, banking and finance practitioners and policy makers.

Over the course of the last 70 years, asset managers⸺from activist hedge funds to large passive index fund providers⸺have come to own the substantial majority of corporate equities in the United States, and have wielded that ownership to fundamentally reshape the economy. For most of American history, investing was simple: you purchased shares and left the operation of the company to management. If you were dissatisfied with the firm's performance, you sold your shares. With the rise of asset managers, shareholders now attempt to directly change the companies in which they invest. The New Power Brokers chronicles the economic, legal and technological changes at the heart of this transformation in our public markets, and provides fresh perspectives on what those changes mean for corporations, investors and society as a whole.

This book provides a legal analysis of the regulation of bank-based financial conglomerates from a structural, commercial, and regulatory perspective. It includes a comparative analysis of the regulation of bank-based financial conglomerates from the standpoint of the three jurisdictions that established a distinct regulatory model, i.e. Germany, the UK, and the US. At the same time, it analyses which banking resolution strategy is most appropriate for different models, taking into account four factors applicable to bank insolvency. The book further examines the types of capital structure associated with each model, and in particular how BBFCs have influenced industry developments in Germany, the United Kingdom, the United States, and the EU. While there are several books that focus on the regulation of banks, insurance companies, and securities firms, this book will include the first analysis of BBFC from a structural, commercial, and resolution standpoint, analysing not only the three major jurisdictions but three different BBFC models, and will be of particular interest to students, researchers, and professors of banking and financial institutions.

This volume discusses the new trends in law and regulation in Islamic finance. Islamic finance is a particular component of the global financial system and is very different from secular finance. To understand the development of Islamic finance, it is important to place it in the context of financial globalization. Islamic finance is a new force in the contemporary world financial system and is present in more than a hundred countries. The current generation of Muslim economic power is crowding into the world's financial currents with trillions in liquidity and is growing at a high rate of 10-15% per year. Islamic finance is coming into focus and is not confined to Islamic countries but is present in every larger Muslim community, which means that it cannot be isolated from the effects of financial globalization. This edited volume discusses the effects of global financial transactions in Islamic finance and how it impacts its law and regulation.

This textbook presents the fundamental economic dimensions of insurance companies and links them to managerial issues. Combining academic rigour and a strongly practice-oriented approach, it addresses both the competitive environment and the management of the insurance business. Further, it provides a general overview of insurance undertakings and technical topics are explained in depth. Filling an important gap in the market for textbooks on the insurance business, it is divided into four parts and 35 chapters. Part I (chapters 1 to 10) describes the fundamentals of the business, how the industry works, the Authorities and the regulations. It presents the insurance products (for life, non-life retail, and non-life commercial lines). Part II (chapters 11 to 17) explains the pricing and reserving for life and non-life insurance. Reinsurance business is also illustrated. Part III (chapters 18 to 25) describes business models in the industry and the organizational structures. The main processes of an insurance company (product development, underwriting, claims settlement, investments) are presented. Marketing and distribution are also described. Part IV (chapters 26 to 35) defines the financial statement and introduces IFRS principles. Solvency II calculation, ALM model, and Embedded Value are explained in detail. This part also describes management accounting, performance indicators, and the Business Plan in the insurance industry. The book offers a valuable resource for lower and upper undergraduate students, graduate students, professionals/practitioners working at insurance companies, insurance agents, brokers, bankers, and consultants.

This book presents a holistic picture of Nigeria's financial services landscape. This includes identifying service providers and regulatory bodies, understanding consumer behaviour, and examining the unique challenges faced by Nigerian financial institutions. The book presents up-to-date research on recent developments and regulatory changes within Nigeria's financial sector, as well as future considerations for how financial services and financial inclusion can play a crucial role in the country's sustainable economic growth. Combining academic analysis with practical insights, the book takes readers through Nigeria's key financial services providers, regulators, consumers, marketing strategies and challenges. A core focus throughout is on financial inclusion and the opportunities associated with reaching financially underserved or excluded populations, demonstrating how increasing financial access at a country-wide level aligns with global goals of reducing inequalities and promoting growth. It will have interdisciplinary appeal to scholars, students and professionals working in finance, economics, business, public policy and development studies.

This book shows how modern risk management in banks and insurance companies can be modeled in Excel and Matlab. Readers are provided with all the necessary knowledge and skills in a systematic and structured step-by-step manner. Apart from basic Excel knowledge, no previous knowledge is required. The textbook is divided into five parts. First, the reader learns the basics of analyzing and modeling market risks. Next, the authors introduce and explain the modeling of credit risks and operational risks are quantified by calibrating loss distributions based on expert estimates. Furthermore, individual risk measures are examined in more detail. In order to calculate a risk measure for an overall portfolio to determine the risk capital, the question of the aggregation method is discussed. There are various common concepts for this, which are examined in more detail in the last part of the book.The book is aimed at students of business administration with a focus on financial services. Accompanying the book, readers receive Excel spreadsheets as digital bonus material for practice and application.

The Palgrave Handbook of Sovereign Wealth Funds provides a comprehensive, detailed analysis of these funds from a multidimensional perspective consisting of 33 chapters divided into seven sections. Section I provides background material about SWFs, providing a foundation for the remainder of the handbook. Section II examines various controversies, governance, and accountability topics involving SWFs. Section III discusses the political, legal, and tax aspects of SWFs. Section IV reviews numerous topics involving SWF management. Section V deals with SWFs'policies, preferences, and performance. Section VI provides descriptive analyses of SWFs based on country or region. It also offers a comparison of SWF similarities and differences across countries. Section VII concludes by examining special issues and the future of SWFs.This handbook spans the gamut from theoretical to practical while offering the right balance of detailed and user-friendly coverage. Discussion of relevant research permeates the handbook. Although other books are available on SWFs, few are as comprehensive or provide a multidimensional perspective from academics and practitioners. This handbook fills a gap by showing how SWFs are a growing and dynamic force in international finance.

The book investigates commercial banking, covering the European framework, the Anglo-Saxon systems, and the Asian area in a comparative approach in trying to answer the following questions: Which is the commercial banking business model of the future? What do we expect a bank to be and to do in the new economic and social reality? How might banking supervision over commercial banks as well as market competition change? The book showcases how three factors or driving forces influence the future of commercial banking: i) fintech innovations (such as artificial intelligence, cryptocurrencies, blockchain, algorithmic trading, machine learning and electronic payments, to name a few), ii) covid-19 measures, and iii) SDG policy priorities. Geared toward academics, scholars and students of banking and financial services, the book will explore how these three factors have different weight in the different legal contexts.Chapter 11 is licensed under the terms of the Creative Commons Attribution 4.0 International License.

This book explains the strong push for the security of digital currencies and the sustainability of global trade development. It studies multilateral international trade agreements such as Regional Comprehensive Economic Partnership Agreement. This book analyses and examines case studies from Asia and Europe presented from different trade agreements'policies. It focuses on the role of digital currencies as the tool for global trade development used by the biggest economies and international trade organisations such as WTO. It explores the strategies of the respective countries using digital currencies in international trade to gain economic advantage. It is beneficial for international finance students and professionals working in the banking sector.

Cryptocurrencies and digital assets have continued to gain widespread acceptance from both retail and institutional investors. As part of this continued growth, there has been an unfortunate series of ongoing and increasingly sophisticated frauds, Ponzi schemes, and hacks that have cost investors billions of dollars. Since the publication of the original Cryptocurrency and Digital Asset Fraud Casebook, conservative estimates indicate that there have been thousands of new digital asset fraud cases that have contributed to billions in broadening losses in space. Beyond the digital asset space, cryptocurrency-related scams also continue to present increasingly meaningful threats to traditional finance institutions, the global economy, and national security, as well. These new challenges, combined with the ongoing evolving regulatory environment for digital assets, create an environment where there is a continued need for the up-to-date information and analysis of real-world case studies. It includes an up-to-date analysis of recent case studies in cryptocurrency and digital asset fraud alongside an analysis of recent decentralized finance (DeFi) hacks, smart contract attacks, and rug pulls. This book reviews the impact of digital asset bankruptcies, the FTX fraud, and the industry-wide post-FTX fallout on the growth of cryptocurrency fraud. It also examines the explosive growth of cryptocurrency romance scams, pig butchering, and related organized crime money laundering efforts and includes a related exclusive case study. Offering an in-depth examination of digital asset frauds in the gaming, metaverse, and NFT spaces, it also covers Decentralized Autonomous Organization (DAO) fraud, smart contract attacks, dApp scams, crypto asset manager investment fraud, mining fraud, honeypots, meme coins, and artificial intelligence-based digital asset fraud. Leveraging the author's experience analyzing and implementing compliance and operations best practices with a variety of cryptocurrency and digital asset projects and consulting with international regulators on blockchain and digital asset policy, this book will be of interest to those working throughout the cryptocurrency and digital asset space including Web 3.0 builders and service providers including lawyers, auditors, blockchain infrastructure, regulators, governments, retail investors, and institutional investors.

Dieses Buch gibt eine detaillierte Analyse von Investmentvehikeln wie Indizes, Fonds und Einzeltiteln und zeigt, inwiefern Anleger sie erfolgreich einsetzen können, um unter »Socially Responsible« Bedingungen zu investieren, und wie eine professionelle Portfoliokonstruktion erfolgt. Eine klare Definition sozialer oder ethischer Kriterien ist hierbei wichtig, um Investments zu finden, welche die Bedürfnisse langfristig orientierter Anleger erfüllen und zugleich nachhaltige Erträge bieten. Am Ende gibt es eine Checkliste, wonach jeder Investor für sich selbst die entsprechenden Prioritäten identifizieren und festhalten kann.

This book offers a holistic approach to the level playing field concept that takes into account six regulatory objectives of the European financial services regulatory framework for banks and non-banks. These intermediate objectives are: (i) facilitating market access by non-banks to provide payment services; (ii) safeguarding the security of the payments market; (iii) safeguarding the integrity of the payments market; (iv) enhancing consumer protection in case of an unauthorised or erroneous payments; (v) allowing non-banks access to payment systems; and (vi) facilitating collaboration between competing payment service providers to develop standards for the payments market that reflect the interests of both banks and non-banks. The book discusses the rules and regulations covering these intermediate objectives to determine the extent to which there is a level playing field between banks and non-banks. In addition, the book provides high-level summaries of competition law requirements and related case law, and will be of interest to researchers, academics, and financial law practitioners.

This book provides an overview of monetary history from the perspectives of the financial intermediaries who shaped it. Starting from the Knights Templar and ending with contemporary national banking champions, it presents several case studies that demonstrate how banks from around the world have revolutionized both their operations and the markets they operate in. The text holds a plea for democratic and transnational financial intermediation systems. It appeals to students and scholars of economic history as well as to anyone interested in the history of banking and finance.

This second edition brings together the views of expert academics and practitioners on the latest regulatory developments in sustainable finance in Europe and includes 5 new chapters on sustainable remuneration, reporting, lending, green monetary policy and ESG. The volume includes a wide range of cutting-edge issues, which relate to three main themes along which the volume is structured: (1) corporate governance; (2) monetary policy and financial stability ; and (3) financial markets. With individual contributions deploying different methods of analysis, including theoretical contributions on the status quo of macro-financial research as well as law and economics approaches, the collection encourages interdisciplinary readership and will appeal to those researching capital markets law, European financial law, and sustainable finance, as well as practitioners within the finance industry.

Dieses essential untersucht die Wahrnehmung und Bedeutung von Nachhaltigkeit in der Bankenbranche. Mithilfe von Experteninterviews wird herausgearbeitet, wie sich die komplexe Thematik der Nachhaltigkeit auf das Geschäftsmodell und auf die Gesamtbanksteuerung sowie ausgewählte Geschäftsbereiche von Banken auswirkt. Basierend darauf werden konkrete praxisrelevante Handlungsempfehlungen für die Bankenbranche zum Umgang mit dem Nachhaltigkeitskomplex formuliert.

Dieses Werk liefert einen umfassenden Einblick in die Funktionsweise von österreichischen und deutschen Banken sowie der risikoseitigen Analyse von Kreditfinanzierungen. Ein besonderer Schwerpunkt wird dabei auf den Kreditprozess und die Arbeit des Risikomanagements gelegt. Die dargestellten Konzepte liefern wertvolle bankspezifische Informationen und konkrete Handlungsempfehlungen für die unternehmenseigene Implementierung einer erfolgreichen Bankensteuerung (sog. Kreditprozessmanagement). Die Ziele, die sich mit Kreditprozessmanagement verwirklichen lassen, gehen dabei weit über eine reine klassische Kreditvergabebetrachtung hinaus. Trotz eines gelegten Fokus des Buches auf die Zielgruppe Immobilienwirtschaft, ist der Großteil des Inhalts und der vorgestellten Konzepte universell auch auf Nicht-Immobilienunternehmen anwendbar.

The competition landscape of finance is changing fast and it has never been so important for the finance industry to truly understand their customers.Customer-Centric Innovation in Finance helps finance and fintech innovators understand customers'behavioural motivations to drive effective product development. Relying on quantitative data is not enough: numbers can be great at telling us what people are doing but they often fail to explain why people do what they do. And if a service doesn't exist yet, there is no data to tell us how people use it. Human insights, behavioural science and qualitative data add immense value to product development. Readers will learn to innovate smarter by getting a firm understanding of why customers like their solutions and how they adapt them to suit their needs.The book presents real-life examples throughout of how customers are changing their behaviour in response to a fast-evolving financial landscape and provides practical advice on how to transform such insights into innovation. It explores how to produce customer insights for services that don't exist yet, for instance Central Bank Digital Currencies (CBDCs). It also provides descriptions of hands-on tools to build new insights and apply them to innovation and of methodologies such as portable kits, personas, digital ethnography, observations and interviews.

Dieses Buch stellt die Potenziale und Anwendungsbereiche von/für KI dar und ermöglicht eine zielgerichtete Implementierung im Bankenumfeld. Künstliche Intelligenz ist allgegenwärtig. Sie die nächste Stufe der Digitalisierung und heutzutage quasi der'Hottest Stuff in Town', die Anwendungfälle von und mit KI sind die'New Kids on the Block'. Dinge, die lange undenkbar waren, sind plötzlich Realität. Das Potenzial von KI für den Bereich Finanzdienstleistungen ist hoch und die notwendige Technologiereife in vielen Anwendungsbereichen kurz- und mittelfristig zu erwarten. Dies bedeutet, dass die Finanzbranche sehr schnell die Auswirkungen von Künstlicher Intelligenz zu spüren bekommen wird.

This book showcases cutting-edge research on a variety of themes related to sustainable and impact investments. It sheds light, theoretically and empirically, on three particular contemporary challenges for sustainable finance: shifts in banking towards prioritizing sustainable growth, the rapid evolution of sustainable bonds, and the growing role of women in sustainable finance. The first section of the book explores the benefits for banks and the financial industry from integrating sustainable finance into their business processes, as well as the role banks play in allocating resources towards a decarbonized economy. Chapters discuss risk reduction and the reputational boost for banks, as well as assessing the impact of new regulation frameworks targeted at sustainable growth. The second part examines sustainable financial products, with a focus on green bonds, and discusses how they can be used for long-term financing for sustainable projects, encourage accountability andtransparency, stimulate market growth, manage risk, and benefit the environment and society more broadly. The final section of the book takes an internal look at sustainable finance and addresses the significant role that women play, helping to develop more creative and practical solutions, serving as role models, and increasing involvement in the financial sector. Combining academic analysis with practical examples from the industry, this book will be useful to students and researchers working in sustainable finance, banking, and financial regulation.

This book examines the evolving dynamics between banks and firms within the context of alternative finance and Environmental, Social, and Governance (ESG) integration. The book contributes to understanding the bank-firm relationship in light of the changing financial landscape and its implications for sustainable development. The book employs an empirical analysis to examine the bank-firm relationship in the context of alternative finance and ESG performance to assess firms'riskiness, access to funds and cost of capital. The book addresses research gaps by comprehensively analysing the impact of alternative finance and ESG on the bank-firm relationship. It assists banks in adapting their financing practices and policies to align with emerging trends, and it offers insights for banks to evaluate and mitigate ESG-related risks effectively. It provides policy implications for promoting responsible lending, supporting the growth of alternative finance, and incentivising ESG integration in the financial sector. Ultimately, it contributes to formulating policies that foster a sustainable and inclusive financial system, and will be of interest to professionals and researchers in finance, alternative finance, and sustainable finance.

This volume presents current developments in the fields of banking and finance from an international perspective. Featuring contributions from the 7th International Conference on Banking and Finance Perspectives (ICBFP), this volume serves as a valuable forum for discussing current issues and trends in the banking and financial sectors. The most recent theoretical and applied models for explaining sustainable development in banking and finance, in addition to other sectors, are discussed. This volume is designed for academics, policymakers, banking analysts, and insurance and financial institutions to discuss the complexities of these disciplines from multiple viewpoints.

This book highlights the historic inflection point we are in, both in terms of philanthropy in general, and specifically in financing the solutions to our largest and most urgent social and environmental problems. It covers the two movements that have recently had a dramatic influence on capitalism. First, wealthy millennials have been pressuring their bankers to invest their family portfolios in companies with high social and environmental impact (ESG ratings), triggering a wave where the wealth management industry, and now all public companies, are significantly adapting to the increasing demand for good. Second, The Giving Pledge triggered another wave, changing what success and the accumulation of wealth means. It has even begun to redefine the goal of capitalism as more than 230 billionaires have pledged to give half or more of their wealth away. This book also focuses on the bottleneck problem that The Giving Pledge has created, as it is very hard to give hundreds of billions away with measurable impact to nonprofits lacking detailed long-term plans to scale. Nonprofits have never had the luxury of having all the resources to invest in the planning, management training and systems needed to rapidly expand. Thus taking in very large gifts is very difficult, and almost impossible to justify. Large philanthropy can always be used for traditional capital campaigns and to fund endowments, yet The Giving Pledge signers are often looking for large visible impact beyond these traditional avenues. The result is a bottleneck which has grown as more billionaires pledge their funds away while their wealth continues to skyrocket and giving rates stay very small. Finally, this book covers the emergence of large giving vehicles, modelled after the private equity industry. They have sophisticated third-party managers focused on deploying funds and supporting management teams. It also covers the scaling of nonprofits in a significant way (“Big Bets”) as well as investing large philanthropy through for-profits as Philanthropic Private Equity. This book is of interest specifically to nonprofit and foundation leaders, as well as wealth managers, estate attorneys and other philanthropic advisors. It is also of interest to investors and corporate CEOs as they begin to access these large pools for philanthropic capital to increase their impact. This book is focused on providing those with the ability to make large philanthropic investments a path to scale their impact and increase their fulfillment and that of their family. It provides a step-by-step guide of how these approaches, especially Philanthropic Private Equity, can actually solve the social and environmental challenges that have been seemingly hopeless. The second edition also presents a plan to use these concepts to create a path to solve the housing crisis in America.

This book aims to form part of the growing literature on the banking system in developing countries in its aim to show the levels of stability in the banking sector of small economies. Any banking system is vulnerable to economic distress but one supported by universal and commercial banks that are efficient, stable, and which enjoy sufficient market power is most likely to withstand economic turmoil. Such is the Philippines'Universal and Commercial Banking system, which displayed remarkable resilience to unprecedented economic shock. Using data from 2005 to 2019, the five chapters of this work delve into the industrial organization framework of the banking industry in the Philippines, offering researchers, graduate and undergraduate students, and academics the first comprehensive research on bank competition, concentration, efficiency and financial stability in the Philippines.