A new banking initiative established by IESE Business School, with the support of Citi (NYSE: C), plans to establish a group of first-rate researchers to study post-crisis developments of banking and financial markets, paying particular attention to regulation and competition policy and the impact on business banking models. The project aims to promote a rigorous and informed dialogue on current issues in the fields of banking and financial markets among academics, regulators, companies and civil society.
The origin of the initiative lies in the annual "Future of Banking Conference" that IESE launched in London in 2014 to help improve research on the governance and management of banks.
With an initial horizon of 4 years, the program will be a reference point in banking and financial studies and will focus on issues that will be crucial to understanding the evolution of these sectors. In particular, anannual report on the future of banking will be produced.
Examples of research areas include:
- The transformation of business models in the different banking segments due to the impact of technological change, macroeconomic developments, and regulation.
- The effect in financial markets of High Frequency Trading (HFT) and the optimal structure of competing exchanges.
- The interaction of the market structure of interbank markets and loan and deposit markets, and implications for central bank policy.
- The impact of resolution methods on the structure of the banking firm (e.g. SPOE vs MPOE resolution strategies).
- The impact of the reform of banking structure (Dodd Frank, Liikanen, Vickers) on the provision of market liquidity.
- The interaction of capital, liquidity and transparency requirements on the banking firm.
- The potential effects of the post crisis increase in concentration in retail markets.
- How does the ownership structure of banks effect competition in the market?
- The interaction between new entrants, such as Fintech providers, established banks and the regulatory implications stemming from this.
IESE Professor Xavier Vives will be Academic Director of the program. He will lead the initiative alongside other IESE professors and an international network of distinguished banking scholars.
IESE Dean Franz Heukamp points out that "the generation of new ideas in a critical industry such as banking is indispensable for a dynamic society and the proper development of large, established companies and entrepreneurial ventures as well. With the support of Citi, we will put together a group of world class scholars thinking about this very important industry".
Citi's Global Head of Markets Securities Services, Paco Ybarra, explains that "we are delighted at Citi to support IESE in the production of world class research and insights on the future of the banking industry. Building an informed dialogue between academics, regulators and the banking industry is critical to enhancing trust in the financial services sector and in shaping banks that truly enable growth and progress."
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Citi
Citi, the leading global bank, has approximately 200 million customer accounts and does business in more than 160 countries and jurisdictions. Citi provides consumers, corporations, governments and institutions with a broad range of financial products and services, including consumer banking and credit, corporate and investment banking, securities brokerage, transaction services, and wealth management.
Additional information may be found at www.citigroup.com | Twitter: @Citi | YouTube: www.youtube.com/citi | Blog: http://blog.citigroup.com | Facebook: www.facebook.com/citi | LinkedIn: www.linkedin.com/company/citi
About IESE Business School
2018 marks the 60-year anniversary of IESE Business School, which is the graduate business school of the University of Navarra. Founded in 1958, the school is one of the world's most international business schools, with campuses in Barcelona, Madrid, Munich, New York and São Paulo. Consistently ranked within the top ten worldwide, IESE Business School has pioneered business education in Europe since its founding. For sixty years, IESE has sought to develop business leaders with solid business skills, a global mind-set and a desire to make a positive impact on society. The school distinguishes itself in its general-management approach, extensive use of the case method, international outreach, and emphasis on placing people at the heart of managerial decision-making. In the last four years, IESE has positioned itself as number 1 in the world for Executive Education programs, according to the Financial Times ranking. www.iese.edu
View source version on businesswire.com: https://www.businesswire.com/news/home/20181029005370/en/
Contacts:
Citi
Susan Monahan
Senior Vice President, EMEA Public Affairs
+44 20 7508 0786
+44 7528 348 950
susan.monahan@citi.com
or
IESE Business School
Mallory Dees
International Communications
+34 912113197
mdees@iese.edu
