A wave of regulatory requirements is significantly impacting the transaction banking business. This book focuses on the global and regional regulatory developments that are impacting, or going to impact the transaction banking services industry. It is a true insider's view on how financial institutions are coping with the regulatory change and what impacts some of the key global measures are going to have on this business.
The book begins with an explanation and overview of the transaction banking industry, providing readers with an understanding of the social and broader economic value of this important service. It then moves on to highlight the key areas of impact resulting from regulatory changes, including prudential rules; liquidity/capital; specific product related legislations for payment services/cards; trade finance; potential impacts on competition; and what it means for the end user.
It also includes a section that focuses entirely on payments regulatory change on transaction banking, covering the EU and US. Given, in particular, the strategic implications that Basel III will undoubtedly have for the global transaction banking industry this is essential reading for all transaction banking industry participants, regulators, and corporates.
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