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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Contact us if you would like any sample pages or if you want to enquire about any reports that we might have.
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