Ernst &Young >Industries>default Banking and Capital Markets Overview - Ernst & Young - Korea

How do you manage through the recession and position your company for growth? Our banking and capital markets executives conducted over 5100 client meetings and identified some overarching themes. Enhancing risk management practices like forecasting and stress-testing and optimizing capital availability and deployment could mean the difference between surviving and thriving.

During this financial crisis, strategies for long-term stability are critical to every segment of financial services. Hedge funds, insurers and banks are all seeking to reinvent some aspect of their operations. The new issue of CrossCurrents reports on the approaches businesses are deploying to foster greater transparency, integrate risk processes, leverage IT and manage capital requirements.

The current financial crisis has made the role of the bank audit committee exponentially more challenging. We reveal how increased risks, strained resources and heightened scrutiny are impacting bank committees, and why their oversight is more important than ever to the financial health of an organization.

Check out what our leaders are saying in these highlights from our July webcast, "Financial statements in an IFRS world."

Our CFO study was conducted during a time of unprecedented crisis in the financial markets. Senior bank finance executives and other global banking pundits reveal their struggles and insights during a snapshot in time marked by uncertainty and rapid change. Read their stories, as well as our assessment and perspective on the new risk-aware culture that must emerge.