Alumni Association MBS Spain ORIGINAL THINKING APPLIED REINVENTED BANKS, SHAREHOLDER VALUE AND THE SOLUTIONS TO THE BANKING CRISIS Ismail Ertürk.
Download ReportTranscript Alumni Association MBS Spain ORIGINAL THINKING APPLIED REINVENTED BANKS, SHAREHOLDER VALUE AND THE SOLUTIONS TO THE BANKING CRISIS Ismail Ertürk.
Slide 1
Alumni Association MBS Spain
ORIGINAL THINKING APPLIED
REINVENTED BANKS, SHAREHOLDER VALUE AND THE SOLUTIONS TO THE
BANKING CRISIS
Ismail Ertürk. Senior Lecturer in Banking.
Manchester Business School
The current crisis has its roots in banking that has reinvented itself over the last two decades in the core
developed countries, especially in the USA. Now the major task of Governments and banking authorities
in the USA, UK and in some European countries is how to get banks back into their financial intermediary
roles to support productive investments and international trade.
MBS Alumni Asociation in Spain proudly invites you to join this international “Original Thinking Applied” session, featuring one of
the most acclaimed researchers in banking : our guest Ismail Ertürk. Ismail will discuss how governments and banking
authorities should re-structure banking by a thorough analysis of existing business models in banking that led to the crisis. We
need more transparency in the business models of the banks and this involves a separation of retail and investment banking as
well as separation of customer-focused investment banking activities from proprietary trading activities.
Ismail Ertürk joined Manchester Business School in 1987 after having completed his post-graduate studies at New York University and having worked in Istanbul
at an investment bank as assistant treasurer. His responsibilities at Manchester Business School include teaching banking, finance and international financial
risk management on the MBA Programmes and Executive Centre courses. He is Director of several banking programmes at the Executive Centre, including
Lloyds-TSB Bank, NatWest Bank and World Bank.
FULL CV
RESEARCH
PUBLICATIONS
Where
When
CUNEF- COLEGIO UNIVERSITARIO DE
ESTUDIOS FINANCIEROS
Salón de actos
C/ Serrano Anguita, 9
28004 Madrid
May 13th, 2009
HOW TO ARRIVE TO CUNEF
Sponsored by
20:00 hours.
Duration : 1 hour
PRESS & MEDIA
Contact
Javier Martín
[email protected]
Please register for the event at
Registration form
Slide 2
Alumni Association MBS Spain
ORIGINAL THINKING APPLIED
FULL CV
Ismail Ertürk
Senior Lecturer in Banking, Manchester Business School
Ismail Ertürk joined Manchester Business School in 1987 after having completed his post-graduate studies at New York
University and having worked in Istanbul at an investment bank as assistant treasurer. His responsibilities at Manchester
Business School include teaching banking, finance and international financial risk management on the MBA Programmes and
Executive Centre courses. He has also acted as Course Director of several banking programmes at the Executive Centre,
including Lloyds-TSB Bank, NatWest Bank and World Bank. He designed and directed the first part-time MBA programme at
Bilgi University, Istanbul He held visiting positions in Strategic Finance at Stockholm School of Economics, St Petersburg and at
Bilgi University in Istanbul. He holds a visiting post in corporate finance at ESCP-EAP, Paris. Between 1994 and 2000 he taught
bank financial management for IBM International Education Centre in Belgium. He has taught value-based finance and project
finance on the executive programmes for British Telecom, World Academy of Sport, Royal Mail-UK, UCB-Belgium, ThalesFrance, Toronto Dominion- Canada, PwC New York, KPMG Europe and has taught bank risk management to managers from
Lloyds-TSB. NatWest Bank, Standard Bank, South Africa. He has also worked in a consultancy capacity for the U.K. Department
of Trade and Industry, U.K. Customs and Excise on the subject of credit risk, the Central Bank of Turkey on the subject of bank
profitability, UCB of Belgium on introducing value-based financial management, and Replus of London on developing private
equity business in emerging economies. He is currently consultant to the Metropolitan Municipality of Istanbul, the European
Capital of Culture 2010, on cultural and creative industries. He researched banking in the EU under a 5-year EU funded
programme ESEMK between 2002-2007. Currently he is involved in research on Cultural Economy and Cultural Industries under
ESRC funded CRESC (Centre for Research on Economic and Social Change), the University of Manchester.
Slide 3
Alumni Association MBS Spain
ORIGINAL THINKING APPLIED
RESEARCH
His current research interests are cultural economy, financial
innovation, banking, financialization, corporate governance, executive
pay. He has given numerous conference presentations internationally
and recently appeared on many international TV programmes, radio
and print media on the financial and economic crisis, including BBC
North West, Bloomberg Asia TV, CNN Turkey, The Moscow News,
BBC Radio 4 etc.
PUBLICATIONS
His recent publications include:
Financialization: Key Texts and Analysis, Routledge: London 2008,
(with J. Froud, S Johal, A. Leaver and K. Williams)
“Banks as Continuous Reinvention”, New Political Economy, Vol. 12,
3, 2007, (with S. Solari)
“The Democratisation of Finance? Promises, Outcomes and
Conditions”, Review of International Political Economy, Vol. 14, 4,
2007, (with J. Froud, S Johal, A. Leaver and K. Williams)
"Corporate governance and disappointment", Review of International
Political Economy, Vol. 11, 4, 2004, (with J. Froud, S. Johal and K.
Williams)
"Governance or financialisation: the Turkish case", Competition and
Change, Vol. 7, 4, 2003
Slide 4
Alumni Association MBS Spain
ORIGINAL THINKING APPLIED
PRESS & MEDIA
http://www.guardian.co.uk/business/2009/mar/15/banking-financialservices-economy-reform
“Erturk's conclusion is stark and far-reaching. As long as shareholder
value prevails, some kind of defensive separation of trading from
basic banking functions is essential.”
Simon Caulkin , The Observer, Sunday 15 March 2009
Slide 5
Alumni Association MBS Spain
ORIGINAL THINKING APPLIED
HOW TO ARRIVE TO CUNEF
UNDERGROUND
LINES: L1 - L4 - L10 - Bilbao - A. Martínez - Tribunal
BUS
LINES: 3, 5, 7, 14, 21, 27, 37, 40, 45, 53, 147, 149
Alumni Association MBS Spain
ORIGINAL THINKING APPLIED
REINVENTED BANKS, SHAREHOLDER VALUE AND THE SOLUTIONS TO THE
BANKING CRISIS
Ismail Ertürk. Senior Lecturer in Banking.
Manchester Business School
The current crisis has its roots in banking that has reinvented itself over the last two decades in the core
developed countries, especially in the USA. Now the major task of Governments and banking authorities
in the USA, UK and in some European countries is how to get banks back into their financial intermediary
roles to support productive investments and international trade.
MBS Alumni Asociation in Spain proudly invites you to join this international “Original Thinking Applied” session, featuring one of
the most acclaimed researchers in banking : our guest Ismail Ertürk. Ismail will discuss how governments and banking
authorities should re-structure banking by a thorough analysis of existing business models in banking that led to the crisis. We
need more transparency in the business models of the banks and this involves a separation of retail and investment banking as
well as separation of customer-focused investment banking activities from proprietary trading activities.
Ismail Ertürk joined Manchester Business School in 1987 after having completed his post-graduate studies at New York University and having worked in Istanbul
at an investment bank as assistant treasurer. His responsibilities at Manchester Business School include teaching banking, finance and international financial
risk management on the MBA Programmes and Executive Centre courses. He is Director of several banking programmes at the Executive Centre, including
Lloyds-TSB Bank, NatWest Bank and World Bank.
FULL CV
RESEARCH
PUBLICATIONS
Where
When
CUNEF- COLEGIO UNIVERSITARIO DE
ESTUDIOS FINANCIEROS
Salón de actos
C/ Serrano Anguita, 9
28004 Madrid
May 13th, 2009
HOW TO ARRIVE TO CUNEF
Sponsored by
20:00 hours.
Duration : 1 hour
PRESS & MEDIA
Contact
Javier Martín
[email protected]
Please register for the event at
Registration form
Slide 2
Alumni Association MBS Spain
ORIGINAL THINKING APPLIED
FULL CV
Ismail Ertürk
Senior Lecturer in Banking, Manchester Business School
Ismail Ertürk joined Manchester Business School in 1987 after having completed his post-graduate studies at New York
University and having worked in Istanbul at an investment bank as assistant treasurer. His responsibilities at Manchester
Business School include teaching banking, finance and international financial risk management on the MBA Programmes and
Executive Centre courses. He has also acted as Course Director of several banking programmes at the Executive Centre,
including Lloyds-TSB Bank, NatWest Bank and World Bank. He designed and directed the first part-time MBA programme at
Bilgi University, Istanbul He held visiting positions in Strategic Finance at Stockholm School of Economics, St Petersburg and at
Bilgi University in Istanbul. He holds a visiting post in corporate finance at ESCP-EAP, Paris. Between 1994 and 2000 he taught
bank financial management for IBM International Education Centre in Belgium. He has taught value-based finance and project
finance on the executive programmes for British Telecom, World Academy of Sport, Royal Mail-UK, UCB-Belgium, ThalesFrance, Toronto Dominion- Canada, PwC New York, KPMG Europe and has taught bank risk management to managers from
Lloyds-TSB. NatWest Bank, Standard Bank, South Africa. He has also worked in a consultancy capacity for the U.K. Department
of Trade and Industry, U.K. Customs and Excise on the subject of credit risk, the Central Bank of Turkey on the subject of bank
profitability, UCB of Belgium on introducing value-based financial management, and Replus of London on developing private
equity business in emerging economies. He is currently consultant to the Metropolitan Municipality of Istanbul, the European
Capital of Culture 2010, on cultural and creative industries. He researched banking in the EU under a 5-year EU funded
programme ESEMK between 2002-2007. Currently he is involved in research on Cultural Economy and Cultural Industries under
ESRC funded CRESC (Centre for Research on Economic and Social Change), the University of Manchester.
Slide 3
Alumni Association MBS Spain
ORIGINAL THINKING APPLIED
RESEARCH
His current research interests are cultural economy, financial
innovation, banking, financialization, corporate governance, executive
pay. He has given numerous conference presentations internationally
and recently appeared on many international TV programmes, radio
and print media on the financial and economic crisis, including BBC
North West, Bloomberg Asia TV, CNN Turkey, The Moscow News,
BBC Radio 4 etc.
PUBLICATIONS
His recent publications include:
Financialization: Key Texts and Analysis, Routledge: London 2008,
(with J. Froud, S Johal, A. Leaver and K. Williams)
“Banks as Continuous Reinvention”, New Political Economy, Vol. 12,
3, 2007, (with S. Solari)
“The Democratisation of Finance? Promises, Outcomes and
Conditions”, Review of International Political Economy, Vol. 14, 4,
2007, (with J. Froud, S Johal, A. Leaver and K. Williams)
"Corporate governance and disappointment", Review of International
Political Economy, Vol. 11, 4, 2004, (with J. Froud, S. Johal and K.
Williams)
"Governance or financialisation: the Turkish case", Competition and
Change, Vol. 7, 4, 2003
Slide 4
Alumni Association MBS Spain
ORIGINAL THINKING APPLIED
PRESS & MEDIA
http://www.guardian.co.uk/business/2009/mar/15/banking-financialservices-economy-reform
“Erturk's conclusion is stark and far-reaching. As long as shareholder
value prevails, some kind of defensive separation of trading from
basic banking functions is essential.”
Simon Caulkin , The Observer, Sunday 15 March 2009
Slide 5
Alumni Association MBS Spain
ORIGINAL THINKING APPLIED
HOW TO ARRIVE TO CUNEF
UNDERGROUND
LINES: L1 - L4 - L10 - Bilbao - A. Martínez - Tribunal
BUS
LINES: 3, 5, 7, 14, 21, 27, 37, 40, 45, 53, 147, 149