International Business and Public Policy

Topics: Financial services, Bank, International trade Pages: 4 (1341 words) Published: June 20, 2011
MGMT 5136: International Business and Public Policy

Blake Rush - DEMBA 2012

|Burgeoning International markets and evolving domestic public policy have had a dramatic impact on the American banking industry. In my current role| |at Bank of America I have been able to witness the affects of these two contingent factors with my industry, my firm, and directly with my job. The | |effects of international business and public policy related to banking have been widely observed of late. With the recent media focus on financial | |service firms it is widely accepted that policy changes fundamentally alters firms’ operating environment and mark transitions to a new era of | |financial reform. As an industry, banking is simultaneously embedded in and affected by these two external conditions and the effect of one on the | |industry is often contingent upon the other. | |Banking has recently seen exponential domestic and foreign growth that can be attributed to expanding international trade policies and evolving | |public policy. This liberalization of trade in financial services has been a visible result from international economic and financial integration. | |International trade has been spurred on by economic and technological developments that facilitate the flow of goods, services, capital, and even | |people. This rapid expansion is evident at the bank when you recognize that as an organization, the global presence of Bank of America has grown to | |include 57 foreign countries. Global Corporate and Investment Banking (GCIB) has grown to be one of the five main business channels at the bank and | |helps corporations (large and small) and financial institutions manage their finances with services such as large scale business loans, risk | |management, investment opportunities and strategic advice such as mergers and...
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