20 years pass and one becomes two: that is, over time, the once-unified financial services industry split into two broad sectors. One is wholesale finance, where clients who have direct access to capital markets may receive financial services. The second is retail and regional finance, where clients do not have direct access but still receive services. Professors Ingo Walter and Roy Smith compare and contrast these two sectors, illustrating the impetus for each respective group members’ actions.
Content: Article
Authors: Ingo Walter, Roy Smith
Source: INSEAD Knowledge
Subjects: Finance, Industry Specific
Industry: Finance / Banking
Authors: Ingo Walter, Roy Smith
Source: INSEAD Knowledge
Subjects: Finance, Industry Specific
Industry: Finance / Banking
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working paper title: Global Wholesale Finance: Structure, Conduct, Performance