Winner of the 2018 Donner Prize for the Best Public Policy Book by Canadian authors, Stumbling Giants by Patricia Meredith and James L. Darroch presents a compelling new vision of the Canadian banking industry in which stakeholders work together to propel the country's banking system into the twenty-first century.

Canada's big six banks survived the 2008 financial crisis by adhering to traditional banking practices, which made them a safe harbour amidst the turmoil. With banks earning 40 per cent return on equity from practices such as in-person retail banking, pressure from investors with short-term interests continues to discourage technological innovation and adaptation.

However, today's global information economy has transformed the financial lives of individuals and companies alike. Meredith and Darroch argue that Canadian banks refuse to address the disruptive info-tech changes that ultimately threaten their very existence. The authors also set forth a cohesive set of recommendations to prepare the nation's banks for the challenges and opportunities offered by the digital age.

This call to action for the Canadian banking will resonate with financial sector managers, policy makers, and, above all, general readers.

About the Author
Patricia Meredith is a Fellow at the David & Sharon Johnston Centre for Governance Innovation at the Rotman School of Management, University of Toronto, and a Senior Fellow at the Centre for International Governance Innovation, University of Waterloo. Her previous book Stumbling Giants, co-authored with James L. Darroch, was the Winner of the 2018 Donner Prize for the Best Public Policy Book by Canadian authors. James L. Darroch is Associate Professor of Strategic Management and the CIT Chair in Financial Services at Schulich School of Business, York University, and Director of the Financial Services Program and Co-Director of the Masters Certificate in Financial Services Leadership and the Professional Banking Program at the Schulich Executive Education Centre. His research focuses on strategic management with an emphasis on governance and enterprise risk management in financial services firms. He was formerly Co-Program Director for the Risk Management Curriculum at the Bank of Montreal.

Awards
Winner of 2018 Donner Prize 2018 (Canada). Short-listed for The National Business Book Award 2018 (Canada).



Book Information
ISBN 9781442649514
Author Patricia Meredith
Format Hardback
Page Count 256
Imprint University of Toronto Press
Publisher University of Toronto Press
Weight(grams) 520g
Dimensions(mm) 229mm * 152mm * 25mm