Banking and Capital Markets Overview - Ernst & Young - United States

Shoring up risk governance is top priority for banks. Still, several thorny issues and competing demands remain, and planning for the future is exponentially more challenging. Our Risk governance – agenda for change survey provides perspective on what’s next for banks.

All data, all the time. That’s how many bank executives view today’s pressure-filled reporting environment. We show you how IT is stepping up to the data demands of senior management, boards, regulators and investors and supporting the critical need to align finance and risk data.

In the aftermath of the credit crisis, the changing nature of liquidity risk management demands attention from the global banking industry. Read our summary of the challenges banks face in this area.

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.

Innovation is the lifeblood of financial services. Yet some question whether the government’s growing involvement hinders the industry’s creativity.  The new issue of CrossCurrents looks at government participation in the recent economic crisis. And we report on how companies in asset management, banking and insurance navigate the changing market landscape.

Industry leaders talk about IFRS and the future of financial reporting in this country and around the world. Watch highlights from our May 2008 IFRS Conference  

The credit crisis has thrust asset-backed securities and other high-risk financial instruments into the spotlight. Coincidentally, for the past year, European banks have been wrestling with the newly mandated IFRS 7 requirement for financial instrument disclosures. Has IFRS brought more transparency to financial reporting? We analyze several first year IFRS 7 disclosures to give you an insider perspective.

Lenders must work to stem losses and return to future profitability in a new, dramatically altered mortgage market. With a full suite of operations improvement, technology and risk management and compliance services, our Consumer Finance Advisory practice is helping lenders rethink their business model and revamp their production and servicing operations.