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ST TUD DY G GUID DE - Skema Business School

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Bibliographie /<br />

References<br />

9h45 - 12h00: The Recent Financial Crisis: the changes for World’s Banking Industry : origin of the crisis, financial instability, systemic risks,<br />

weakness of Global Finance, bankruptcy, bank failures and major changes (« Big Five US » Merryll Lynch, Goldman Sachs, Morgan<br />

Stanley, Bear Stearns, Lehman Brothers), new banking business model "Big is Beautiful", "too Big to fail", strengths and weaknesses of<br />

banks regulation in United States, European Union, China...Africa...<br />

The Recent Financial Crisis<br />

Focus on : USA (Raleigh)<br />

Focus on : China (Suzhou)<br />

Focus on : Europe (Sophia, Lille)<br />

14h00 – 15h30: Deregulation and financial innovation in the 80’s: the financial "Big Bang", New banking firm is born "universal banking",<br />

new strategies : domestic and cross-border Mergers & Acquisitions (M&A). Are Banks dead ? (Boyd and Gertler, 1994), traditional assets<br />

and liabilities activity (loans, deposits vs bonds, securities, financial market): free fall ? New services and business: off Balance<br />

Sheet>Balance Sheet, banking consolidation and concentration : US vs EU, Big size, Economies of Scale and Economies of Scope, the<br />

new banking industry: international comparison, Chinese banking industry: a cautious State oriented approach.<br />

Deregulation and financial innovation<br />

Focus on : USA (Raleigh)<br />

Focus on : China (Suzhou)<br />

Focus on : Europe (Sophia, Lille)<br />

15h45 – 18h00: The Universal Banking Strategy based on Economies of Scale and Economies of Scope (Retail banking, Investment<br />

banking, Asset Management and Securities). From Bank Based to Market Based financial system ? The "One Stop Shop" Banking<br />

Strategy, New business, new banking income, Change in the structure of Net Banking Income, more non interest resources (financial<br />

income)and less interest resources (financial income), more market activity (Trading Room : Structured and Derived financial products,<br />

speculation...Front, Middle and Back-Office).<br />

Banking <strong>Business</strong> Model<br />

Focus on : USA (Raleigh)<br />

Focus on : China (Suzhou)<br />

Focus on : Europe (Sophia, Lille)<br />

Day 2: The New Banking <strong>Business</strong> Models/ Team Work<br />

9h00 – 10h30: The Retail Banking <strong>Business</strong> Model: Branches, Marketing and Commercial Strategies, Multi-Channel Banking : the «Brick,<br />

Bip, Click» approach, ATM (Automated Teller Machine): international comparison, the On line banking and the IT (Information<br />

Technologies), Labor division between "Brick Banking" vs "Click Banking",<br />

9h45 - 12h00: The Wholesale Banking <strong>Business</strong> Model : Investment Banking, Corporate Finance, Global Investment Banking, Equity<br />

Capital Markets, M&A Consulting Services, audit, consulting, financial advisory, risk management, Creation of customized products such as<br />

bonds, securitisations, syndicated loans and structured rating services and advice on debt markets, equity-linked products (convertible<br />

bonds) and equity issues. International comparison: The « Big four » or "Bulged bracket" US (Goldman Sachs, Morgan Stanley, Merrill<br />

Lynch, Lehman Brothers), in Europe: The « Big three » (Crédit Suisse Group, Deutsche Bank Group et UBS Group)…<br />

14h00 – 15h30: Team Contribution : student work presentation<br />

15h45 – 18h00: Team Contribution : student work presentation<br />

Day 3: Team Work<br />

9h00 – 10h30: Team Contribution : student work presentation<br />

10h45 - 12h15: Team Contribution : student work presentation<br />

Required for the course<br />

Academic and scientific papers<br />

Allen F. et A.M. Santomero, 2001, What do financial<br />

intermediaries do?, Journal of Banking and Finance, 25,<br />

271-294.<br />

Battacharya S., Thakor A.V., 1993, « Contemporary<br />

Banking Theory », Journal of Financial Intermediation, 3.<br />

Geoffron P. et Saïdane D. (1996) "Du réseau aux réseaux :<br />

concurrence et surcapacités dans l'industrie bancaire",<br />

Revue d'Economie Industrielle, pp. 81-95, n° 78, 4e<br />

trimestre.<br />

Geoffron P. et Saïdane D. (1999), "La concurrence<br />

bancaire spatiale : enseignements et nouvelles<br />

perspectives", rédaction du Chapitre 8, dans Emploi,<br />

localisation et économie spatiale, Economica in M. Catin, J-<br />

Y Lesueur et Y Zenou, 1999, pp. 193-216.<br />

La Porta, Lopez-de-Silanes, Shleifer et Vishny (1997),<br />

« Legal Determinants of External Finance », Journal of<br />

Finance, 52(3).<br />

Lewis M. K., 1992, « Modern Banking in Theory and<br />

63<br />

Optionnelle pour le module /<br />

Recommended references

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