Australia has a sophisticated financial services sector, boasts a comparatively strong economy and is well positioned as a financial hub in the world's fastest growing region.
Australia has a sophisticated financial services sector, boasts a comparatively strong economy and is well positioned as a financial hub in the world's fastest growing region. Yet the sector faces unprecedented challenges, many of which stem from the global financial crisis. The pace of growth has slowed, trust has been eroded – particularly in international markets – and the sector is in a rebuilding phase that will likely continue for some years. Every financial services organisation faces the challenge of re-engaging customers, increasing profitability and identifying opportunities for growth in Australia and globally. That's the work PwC is doing right now.
Our teams work across all segments of financial services – commercial banks, non-bank lenders, investment banks, insurers, superannuation funds, asset managers, infrastructure and private equity investors, property groups, advisers and regulators. We operate at a global level to match our clients’ businesses, working with Australian financial services organisations with international operations, and international organisations with operations in Australia.
We have large multi-disciplinary teams who work across all aspects of financial services. Our team members are experts with local and global experience in assurance, tax, strategic advice, transactions, and consulting.
Our approach is to stand in our clients' shoes and work with them to strengthen their business and their brands.
We are passionate about our work with the financial services sector, seeing it as an opportunity to contribute both to our clients' success and to the integrity of Australia's financial system.
Our latest regulatory update explores APRA's announcement of further quantitative and qualitative controls over high risk lending. The changes are intended to be risk-focused, and try to move lending away from high-risk categories.
The latest thinking on current and future banking trends from Australia and across our global network.
The insurance industry is as competitive as ever with all elements grappling with the effects of various drivers of change, including changes in social behaviour, developments in technology, long term low economic growth prospects, volatile weather patterns and events, and a continually evolving political and regulatory environment.
Our biannual analysis of the four major Australian banks’ results covers a breadth of themes facing the banking industry including; bad debts, capital & returns, asset growth, margins and more. In this issue we also cover our 'hot topic' on Banking 2020: The future of banks in Australia.
Assessing the rise of new technologies in the financial services (FS) sector and their impact on market players.
Findings from the report, Shifting Demands, Competing Priorities: Adjusting to the New Talent Realities in Financial Services’, are based on a PwC survey of 490 FS CEOs, and forms part of the firm’s 19th annual Global CEO Survey of over 1,400 CEOs in 83 countries, show FS CEO’s confidence in the prospects for the global economy, their own growth potential and plans for increases in headcounts have all declined since last year’s survey.
Valuation adjustments and their impact on the banking sector.
First reactions to the Financial System Inquiry
10 minutes on…. APRA’s proposed disclosure requirements for the composition of capital
10 minutes on…. APRA’s proposed remuneration disclosure requirements for ADIs
The Project Blue framework considers the rise and interconnectivity of emerging markets and state-directed approaches to economic development. It also examines the impact of new technology, demographics, changing customer behaviour and mounting pressure on the world’s most critical natural resources.