Skip to main navigation

Global banks adapt to uncertain economics and regulations - The future of banking - EY - Global

Global banks adapt to uncertain economics and regulations

The future of banking

  • Share
"Banks must spend less time explaining why regulatory requirements and economic conditions impair returns and more time on the levers of growth and profitability that are within their reach." – Summit participant

Bank directors concede that, for the foreseeable future, their institutions face significant regulatory, economic and political headwinds. The European and US economies provide daily reminders of their fragile conditions while regulators continue to tighten the screws on banks.

To attract talent and investors, banks must spend less time explaining why regulatory requirements and economic conditions impair returns and more time on the levers of growth and profitability that are within their reach. While banks may be unable to tackle compensation at the moment, they can still benefit from making material changes to portfolios, operations and the customer experience.

Greater discipline in managing assets and capital is also of paramount importance. Even with regulators hinting that greater changes might be necessary; directors still must take these steps. It is the only way forward.



<< Previous

Back to top