After the Bailout: Future directions in investment banking

By Keith Mullin

 

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The financial free market is dead, at least for the short term. It has taken with it the basis on which wholesale banking and stand-alone investment banking have been conducted for decades. The government-run or government-influenced constructs that have taken its place, while supposedly transitory, are destined in the meantime to be inefficient and lumbering.

Keith Mullin, editor-in-chief of IFR, offers up a definitive examination of the causes of the credit crisis, the factors that compounded it and the implications of the government interventions around the world for the future of investment banking. Drawing on the candid conversations from some of the biggest names in banking, this report should make compelling reading for anyone with a stake in the capital markets.

After the Bailout: Future directions in investment banking lifts the lid on how and why the bubble burst. It considers the far-reaching implications of the global bailout and the virtual extinction of the originate and distribute model, and looks ahead to outline the likely shape of investment banking in the future. Along the way, the report tackles some enormous questions:

  • Was the crisis beyond the abilities and means of the private sector to solve?
  • Were the big investment banks merely opportunist, or badly run?
  • What can the collective lack of oversight tell us about how the capital markets will be regulated in the future?
  • Can the restrictions on executive compensation so loudly demanded by politicians be brought about and, if so, what will be their impact?
  • Will increased regulation undermine the risk culture that has to be at the heart of the system?
  • Can there be any future for structured products and leveraged
  • finance?
  • Are commercial banks capable of running investment banks effectively?
  • Do distressed asset trading, turnarounds and restructuring offer compelling money-making opportunities?

Packed with data charting the development and unfolding of the crisis, it should be read by anyone with a stake in the capital markets. Published February 2009, this report is priced at £495/US$745/€595 with a 15% discount for IFR subscribers.

To order a copy online now click here.

Alternatively please email managementreports@thomsonreuters.com or telephone +44(0)20 7369 7317 (EMEA), +852 8302 0265 (Asia) and +632 858 7473 (Americas).

For more information see the full contents list or download a brochure.