090505_INVEST_BANKING

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090505_INVEST_BANKING

  1. 1. Credentials Investment banking FINANCIAL SERVICES The corporate and investment banking industry has emerged from one of the most challenging periods in its recent history and the key fee-earning activities of corporate finance and equity origination both suffered significant downturns. However, since 2003, results among the investment banks have shown increasing strength. Bond market revenues have been strong but there are also signs that other markets are beginning to develop. Trading volumes are rising and there are indications that mergers and acquisition activity is picking up. Cost cutting still predominates ­ banks will now have a challenge to position themselves to take advantage of the upturn, while keeping costs tight in case the market turns down again. In this difficult environment the corporate and investment banks are focusing on the key issues: • Growth and Business Development • Efficiency and Cost Management • Risk and Capital Management • Governance and Reporting • People Management KPMG’s Industry Focus KPMG was among the first networks of member firms to meet the needs of multi-national investment banking organizations across national boundaries and we continue to be one of the industry's top international advisers. Our teams of member firm professionals have an in-depth knowledge of the industry providing practical, value-added assistance to our firms’ clients. Our member firms have almost 10,000 financial services employees worldwide and over 5,000 of these work in the banking sector. We audit 42.5 percent of the world's 20 largest banks. © 2005 KPMG International. KPMG International is a Swiss cooperative of which all KPMG firms are members. KPMG International provides no services to clients. Each member firm is a separate and independent legal entity and each describes itself as such. All rights reserved.
  2. 2. 2 Investment Banking Developments such as the US Sarbanes-Oxley Act, Corporate Governance, Basel II, Tax and IFRS (previously IAS), for example, have far-reaching implications for the sector and give rise to an array of issues which need to be dealt with as a part of a coordinated approach. Global investment banking businesses need to think and act across borders as well as nationally. They need professional advisers who work in the same way, which is why KPMG coordinates its services through the three global operating regions of EMA (Europe, Middle East & Africa), Asia Pacific and the Americas. This approach provides our member firm clients with a well established service in their markets. It gives them access to professional assistance which is characterized by entrepreneurial flair, commitment to national markets, and an understanding of the commercial and cultural differences between each country. The result is a focus on the issues that really matter. Please visit http://www.kpmg.com/financial_services for more information on KPMG’s Global Financial Services practice. Thought Leadership All our thought leadership documents are available free of charge in hard copy by e-mailing distributionpublications@kpmg.co.uk or in soft copy by visiting www.kpmg.com/financial_services. Frontiers in Finance Published three times a year, this is KPMG’s Financial Services flagship publication which brings together the insights of our member firm professionals around the world to provide informed perspectives on the critical issues facing banking and insurance organizations. State of the Banking Industry Produced by KPMG LLP in the US, this quarterly publication provides an overview of the recent issues and trends within the banking, investment banking and securities industries, including corporate financial information, taxation, regulation, legislation, and accounting standards. Additional information includes key market forces impacting the financial industry such as consolidation and convergence, the international arena, technology, risk management and privacy. Basel Briefing Launched in December 2001 this quarterly newsletter examines the significant changes in banking regulation that will result as the Basel Capital Accord is implemented. Editions are released regularly to coincide with new information as the Accord evolves. © 2005 KPMG International. KPMG International is a Swiss cooperative of which all KPMG firms are members. KPMG International provides no services to clients. Each member firm is a separate and independent legal entity and each describes itself as such. All rights reserved.
  3. 3. Investment Banking 3 KPMG’s Banking Insider KPMG’s Financial Services practice recognizes the increasing demand for accessible, industry-specific information and value-added insights that can help you achieve a competitive market advantage. KPMG’s Banking Insider delivers focused, easy-to-access, industry-specific news, information, and analysis directly to registered individuals by e-mail. Signing up for Insiders is free - to subscribe, logon at www.kpmginsiders.com. Sponsorships Basel II Conference KPMG International sponsors this conference, attended by industry practitioners and professionals from the regulatory community around the world. The conference aims to discuss in an open manner the latest thinking in the field of capital adequacy. © 2005 KPMG International. KPMG International is a Swiss cooperative of which all KPMG firms are members. KPMG International provides no services to clients. Each member firm is a separate and independent legal entity and each describes itself as such. All rights reserved.
  4. 4. kpmg.com For more information on KPMG’s Financial Services practice please contact: Brendan Nelson Global Chair Global Financial Services KPMG LLP (UK) +44 (0) 20 7311 6157 brendan.nelson@kpmg.co.uk KPMG International is a Swiss cooperative that serves as a coordinating entity for a network of independent member firms. KPMG © 2005 KPMG International. KPMG International International provides no audit or other client services. Such services are provided solely by member firms in their respective is a Swiss cooperative of which all KPMG firms geographic areas. KPMG International and its member firms are legally distinct and separate entities. They are not and nothing are members. KPMG International provides no services to contained herein shall be construed to place these entities in the relationship clients. Each member firm is a separate and independent of parents, subsidiaries, agents, partners, or joint venturers. No member firm has any authority (actual, apparent, implied or legal entity and each describes otherwise) to obligate or bind KPMG International or any member firm in any manner whatsoever itself as such. All rights reserved. Printed in the United or vice versa. Kingdom. The information contained herein is of a general nature and is not intended to address the circumstances KPMG and the KPMG logo are registered trademarks of of any particular individual or entity. Although we endeavor to provide accurate and timely information, there KPMG International, a Swiss cooperative. can be no guarantee that such information is accurate as of the date it is received or that it will continue Designed and produced by KPMG's Global Markets to be accurate in the future. No one should act on such information without appropriate professional advice after Design Services a thorough examination of the particular situation Publication number: 090505 Publication date: June 2005

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