Banking Industry Overview

Overview/Description
 Traditionally, banks focused on loans and deposits, debits, and credits. Now banking is a far more complex business due to dramatic changes in the industry. Deregulation has opened up many new businesses to banks. Globalization, consolidation, and technological advances have shaken the industry to its core. To succeed in this changing environment, banks must be able to cope with its many factors simultaneously. This course is designed to help you gain an understanding of the banking industry and the challenges the industry faces. It presents the key issues and trends including regulatory developments and global business drivers, and uses case studies to tease out the key competitive and strategic issues. This course also outlines business strategies and solutions that pertain to the banking sector.

Target Audience
 Management consultants seeking an overview of the banking sector, corporate and enterprise-wide business managers who will be dealing with or seeking business opportunities in the banking sector, and employees taking up positions in the banking sector for the first time

Expected Duration
2.5 hours

Lesson Objectives:

Fundamentals of Modern Banking

  • recognize the benefits of knowing the key characteristics and trends in the banking sector.
  • match the main banking types with their key characteristics.
  • identify current banking trends.

    • Regulatory and Global Business Drivers of Banking

  • recognize the benefits of being familiar with the regulatory and global business drivers of the banking industry.
  • identify the key provisions of the Sarbanes-Oxley Act of 2002.
  • recognize the corporate governance issues relating to banks under the Sarbanes-Oxley Act.
  • recognize the key implications for privacy under the Gramm-Leach-Bliley Act.
  • identify the key provisions of the U.S.A. Patriot Act.
  • identify the key provisions of the proposed Basel Accord.

    • Key Strategies in Banking

  • select the benefits of applying strategic thinking, planning, and analysis in banking.
  • identify the drivers for strategic planning in banking.
  • match the key issues facing banks with examples of strategies used to tackle the issues.
  • select examples of effective strategies for online banking.

    • Strategic Solutions for Success in Banking

  • select the benefits of knowing the solutions the banking industry is using for competitive success.
  • match reasons for outsourcing to examples of outsource functions.
  • identify the characteristics of wealth management services.
  • identify the reasons for using customer relationship management as a banking strategy.

    • Course Number: IND0206