ABSTRACT
This conclusion presents some closing thoughts on the key concepts discussed in the preceding chapters of this book. The book discusses and problematizes how regulation is affecting bank strategies, financial accounting, and management control systems. It adds despite global efforts to increase harmonization, regulations of the financial sector are still largely national in origin. The book discusses how regulations affect bank governance are the concepts of transparency and accountability. It shows the importance of bank executives basing their corporate strategy on a deep knowledge of local regulations. The book analyzes the business strategies of Rabobank and why it is difficult to maintain a strong organizational identity and unique market position when regulatory pressures increase. It emphasizes that comparability for investors is the overall objective in financial accounting regulations. The book means that management control is considered to encompass many, perhaps most, of the structures and processes used for strategic, tactical, and operational decision-making.
