Epilogue: Sustainable International Development after the Subprime Crisis
This chapter discusses the impact of the subprime crisis on the international strategies of financial services firms. Many mostly passive investors from emerging economies will get the opportunity to acquire a share in some of the most prestigious financial services firms. New clearing platforms for investment vehicles will appear to create transparency and restore trust. Some of the big financial institutions will have to sell parts of their businesses to make up for their huge write-downs. New governance models need to be found to establish process standards and managerial practices that stabilize the financial services systems. But maybe more importantly, financial services firms need to find new ways to attract and keep talent without losing control over their activities.
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