This book delves into the many innovative changes that the financial industry has undergone in recent years. The authors investigate these developments in a holistic manner and from a wide range of perspectives: both public and private, business and consumer, regulators and supervisors.
Initially, they set the framework of their analysis by discussing innovation cycles in financial services. Thereafter, they tackle the issue of financial innovations and their consequences for financial stability. They then review the new approaches to financial consumers’ protection, which emerged in the aftermath of the global financial crisis. The authors underline the fact that this new approach is heavily influenced by the recent innovative drive in the financial industry. Next, they switch their attention to the public sector, examining the innovative processes in monetary policy and central banks, structural innovations in the supervisory models and systems, and they assess some specific supervisory challenges regarding blockchain and the application of mathematics in the supervisory capacity. Additionally, the book examines a range of issues related to the private sector, such as recent developments regarding risk transferring mechanisms on the financial market, artificial intelligence and natural language processing for regulatory filings, the development of process management in insurance companies and other innovative products on the market. Finally, Innovation in Financial Services discusses how the digital transformation of the financial system impacts the interaction between the public and private sectors.
The book is intended for graduate and postgraduate level students, researchers, public sector officers, as well as financial sector practitioners.
Edited by:
Lech Gąsiorkiewicz, Jan Monkiewicz Imprint: Routledge Country of Publication: United Kingdom Dimensions:
Height: 234mm,
Width: 156mm,
Weight: 500g ISBN:9780367508920 ISBN 10: 0367508923 Series:Banking, Money and International Finance Pages: 296 Publication Date:29 April 2022 Audience:
College/higher education
,
Primary
Format:Paperback Publisher's Status: Active
Lech Gąsiorkiewicz is a Professor of Finance at Warsaw University of Technology, Poland. Jan Monkiewicz is a Professor of Financial Management at Warsaw University of Technology, Poland.