Quality Assurance in Banking Investment Essay Example | Topics and Well Written Essays - 2000 words

Quality Assurance in Banking Investment - Essay ExampleIn wad of the importance of quality assumption in the investment banks, the process is carried out to strengthen the procedure and standards at corporate level, promoting efficient utilization of available resources so that different functions are carried out in an efficient and cost effective manner and make recommendations for enhanced customer gratification. As investment banking is a function oriented rail line with close of the profits coming through the investments in championshipes and acting as adviser to many businesses, it is necessary that investment banking adopt suitable techniques, theories and principles related to quality assurance for customer satisfaction and retention.Banking Investment or investment banking is originate of the financial go industry that offers wide variety of services to corporations and organizations all over the world. The range of products and services is increasing rapidly that h as made it difficult to distinguish the most important services because investment banks offer their services in different forms (Turnbull and Moustakatos, 1996)1 The service is an area that helps companies in funds acquisition, advising for wide range of transactions for future businesses (www.wisegeek.com).2 As it is clear that the investment banking deals with providing financial help to the companies for business matters, it is essential to ensure quality service in the area. Therefore quality assurance is the main pillar of any business including profit and nonprofit organizations, government and nongovernmental organizations as it affects the level of success in the business. The quality assurance further helps in conducting other evaluation processes like standards compliance evaluations, brand assurance evaluations, customer or guest experience evaluations, etc. which makes it essential and important in any business organization to maintain a dominant position in the indust ry market (www.totalqualityassuranceservices.com). In mass of the importance of quality assurance, the present paper is intended to discuss the issues and importance related to banking sector specially in investment banking. Investment BankingInvestment banks have multilateral functions to execute in favor of non-homogeneous companies. The service mainly deals with companies like helping private and public corporations in issuing securities in the primeval market, guarantee by standby underwriting or best efforts selling and foreign exchange management. (www.economywatch.com).3 Further it is pull towards providing assistance to capital markets as intermediary. These are the institutions that are regarded as counterparts of banks in the capital market in the function of intermediation in the process of resource allocation (Subramanyam, 2004, p.72)4Need for Quality Assurance in Investment Banking Williamson (1988, p.55) stated that investment banking has been and will continue to be an increasingly intensively competitive business in order to strive in the market which is mainly dominated by the changes as part of strategy in the capital and securities industry. The changes in the market include emergence of institutional investors, internationalization, innovative engineering enabling investment banks and their customers to organize and distribute