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Beginning with an examination of banking in the 12 EC member countries, this revised edition of ""Banking in Europe: The Single Market"" looks at the effects of removing financial barriers and considers how the Single European Market will change banking within the Community. Relevant EC legislation - including the Second Banking Co-ordination Directive - is examined, illustrating how the problems of deregulation are being addressed. The text then highlights the strategies currently being adopted by banks to develop overseas operations while safeguarding traditional markets and discusses the implications of the recent growth in financial services and the possibilities offered by the European monetary and economic union. ""Banking in Europe"" offers a guide for all who are concerned with the changing economic climate in Europe. It should be of particular interest for those students and practitioners of banking and finance who wish to look beyond the present into the possibilities offered by ""the new Europe"".