Financial Services - Ernst & Young - United Kingdom

In its Spring 2012 edition of Outlook for Financial Services the ITEM Club predicts a difficult year for organisations as sluggish growth continues to impact creditor and consumer behaviour. Read ITEM's Forecast 3.1Mb, April 2012

Spring 2012 Forecast: Financial markets appear calmer, yet significant challenges remain for the Eurozone in 2012.

According to our latest European Banking Barometer, banks are avoiding big restructuring and business development projects as pressures from the wider economy deepen and new regulation hits balance sheets.

The economic crisis has brought banks huge challenges around customer satisfaction and loyalty. In our first ever annual global consum they look for from institutions and future demands. Download 'A new era of consumer expectation' or watch our webcast.

Following the financial crisis, European bank cannot ignore the importance of strong liquidity risk management. 2011 will see this at the center of the regulatory agenda, as European supervisors draft rules for new Basel Committee standards implementation. The results of our survey (3.7Mb, May 2011) show several issues, including variations of preparedness for the new regime.

This report includes findings from C-suite executives, heads of central banks, regulators and industry think tanks on exit routes available for governments to reverse their directive role (pdf, 663K)  in the financial services sector.

Our professionals explain what to expect from Solvency II and what it means for your business.

With full implementation of UCITS IV only a year away, how are asset managers and asset services feeling about the directive? What will the impact be of a single European market for investment funds? Our survey aims to explore leading asset servicing firms’ views on this new directive.