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Corporate Governance and Regulation - A Case Study (RBS) - Essay Example
Author : dbogisich
Finance & Accounting
Pages 11 (2761 words)
The overdraft facility used in modern day banking was one of the famous inventions of The Royal Bank of Scotland in early days which allowed the merchant customers to withdraw amounts from their bank accounts more than the balance they maintained. …
The overdraft facility is one of the most versatile instruments in banking today. The Royal bank of Scotland apart from providing banking services in Scotland through 700 branches also provides branch banking services throughout the British Isles in collaboration with the NatWest and Ulster Bank. The Royal Bank of Scotland provides dedicated retail and commercial banking services in Scotland, Ireland and US. The Royal Bank of Scotland has a worldwide presence in about 40 countries where they provide investment banking services, private banking and also banking network channels for payment across Europe, Asia and Middle East. Apart from the core banking divisions, the bank also has non-core support groups to provide better banking services which includes Asset protection group, Global restructuring group, Risk containment group and the legal group. The Royal Bank of Scotland has a strategic plan for fulfilling its long term and short term objectives. The strategies employed by The Royal Bank of Scotland include serving the customers to their delight, containing the risk profile of the bank and finally attain sustainable value addition for the shareholders. The Royal Bank of Scotland is governed by a Board of Directors and the managing and executive committee. The bank is headed by its chairman Sir Philip Hampton and the Group Chief executive Stephen Hester. The platform of principal decision making is formed by the Board members of the group who has the overall responsibility and accountability of not only leading the group in a sustainable fashion but also ensure value and returns to their shareholders. ...
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