Description
Winner of the 2018 Donner Prize for Best Public Policy Book by Canadian authors, **_Stumbling Giants_** *(PDF)* by **James L. Darroch** and **Patricia Meredith** delivers an insightful and transformative perspective on the Canadian banking sector, urging a collective move towards modernization in the twenty-first century.
In the wake of the 2008 financial crisis, Canada’s major banks managed to weather the storm by adhering to tried-and-true banking practices, which positioned them as safe havens amidst economic chaos. However, while these institutions have enjoyed remarkable returns—boasting a 40% return on equity through conventional in-person retail banking—the relentless push for short-term profits from investors continues to stifle essential technological innovations and adaptive strategies.
As the global economy increasingly embraces information technology, the financial landscapes of both individuals and corporations are undergoing significant upheaval. Darroch and Meredith contend that Canadian banks are falling behind by neglecting to embrace the transformative tech advancements that pose a growing threat to their longevity. Their compelling analysis not only highlights these urgent challenges but also proposes a comprehensive roadmap of actionable recommendations designed to prepare Canadian banks for the evolving demands of the digital era.
This engaging exploration serves as a crucial call to action for policymakers, financial sector executives, and—as well—curious readers seeking to understand the future of banking in Canada.
Additional ISBNs: 978-1442620445, 978-1442649514
All prices are listed in US dollars.
**NOTE: This purchase includes only _Stumbling Giants: Transforming Canada’s Banks for the Information Age_ in PDF format. No access codes are provided.**
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