Bank Management《银行管理学》（第五版）课后习题答案.docVIP

《银行管理学》（第五版）课后题答案 Chapter 1 Fundamental Forces of Change in Banking The fundamental competitive forces of change are deregulation/reregulation, financial innovation, securitization, globalization, and technological advances. Each increases competition by expanding the number and nature of competitors in different products and services. Regulators respond to competitive pressures to ‘level the playing field’ by either imposing new restrictions on activities allowed certain participants or relaxing existing restrictions. Legislation often follows to formalize the new constraints