Full Report Product Specialist ‹ith the consolidation in the Flo­ environment of intense regulation and in an environment ­here intellectual „onster model restricting its via‚ilit to a rising glo‚alisationˆ Furthermore‡ glo‚al propert cannot ‚e patented‡ the a‚ilit fe­ large plaers‡ more ‚anks ­ill need to regulator discrepancies have and ­ill to continuall innovate‡ to redefine client focus on developing product specialisms to continue to create opportunities for needs and sustain differentiation‡ is crucial differentiate themselves and esta‚lish a geographic niche plasˆ to successˆ Banks must also face up to clear market identitˆ Successful adoption of the model reŒuires the challenge of the increasing pace of Product specialisms can var from investment in specialist capa‚ilities‡ commoditisation‡ ­hich ­ill mean that as cornering a particular tpe of de‚t including Œuantitative developers and the products that underpin their specialism instrument or regional interest rate ‚espoke technolog to develop mature and ‚ecome flo­’‚ased‡ a clear solution‡ to ‚eing kno­n for an a‚ilit to differentiated productsˆ ‹ith lo­ ‚arriers strategic choice‡ as to ­hether the can structure highl e‘otic trades or e‘ecute to entr‡ the model is argua‚l the easiest continue supporting the product‡ is reŒuiredˆ ‚espoke currenc pairsˆ Traditionall served to enter‡ freŒuentl leading to a large in a single ™urisdiction‡ the model is num‚er of market participants and rapidl compara‚l simple in a comple‘ eroding competitive advantageˆ Similarl‡ Figure € Product ƒecialist Model Key Choice Core Business ƒlo Conse„uence Performance Outcome Differentiator Source Accenture Research Deep arket noledge igh arket Share Talent Development Detailed Insightful esearch nalytics Content Competitive Specialist Strong eputation Pricing Technology Development Innovative Proven bility Product to €‚ecute Investment in Development High Product Specific igh uality Profits Capabilities Specialist Bespoke or Niche arket Provision Infrastructure Offering Cost­€fficient arket Provision €