Thursday 27 March 2014

What is the banking executive’s biggest fear?


There are certainly enough contenders for this title with the global economy, cyber fraud and regulations all making bankers sweat, but which one do you think triggers their worst nightmare?

The slow global economic recovery is felt to be a major apprehension with high unemployment and low customer confidence threatening to jeopardise expansion plans and profit margins. This, however, is not the concern it once was and has not won the title.  

Another rising anxiety with a shot at the crown is cyber crime, especially in the Asia-Pacific region. Cyber crime is getting more sophisticated and is disrupting the market but is yet to be a bank's most alarming apprehension.      

A recent survey of 124 global banking workers, 35% of which are CEOs and Directors, revealed that changing regulation was their major concern. Altering government legislation has kept the industry up at night because it will drastically affect the competitive landscape, profitability, operational setups and potentially see a rise of available new substitutes.

The next six months are set to present many challenges, but it is always good to look at the other side of the coin and remember that opportunities will also present themselves!  



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Ali Wood
Marketing
E:
alistair.wood@uk.timetric.com
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www.timetric.com
 




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