Banking Banana Skins 2012
The CSFI survey of bank risk
The system in peril
PwC has joined forces with the Centre for the Study of Financial Innovation (CSFI) to explore what risks bankers worldwide are facing in the current climate and how they prioritise them.
Based on over 700 responses from 58 countries, the survey, aimed at senior executives in the banking industry, identifies high level issues where the banking industry may be vulnerable.
It seems that the economic uncertainty continues to resonate most, with macro-economic risk rising to the top of the list of boardroom concerns.
The fragile confidence in the sector is further underlined by presence of credit risk, liquidity and capital availability in the top four.
Based on over 700 responses from 58 countries, the survey, aimed at senior executives in the banking industry, identifies high level issues where the banking industry may be vulnerable.
It seems that the economic uncertainty continues to resonate most, with macro-economic risk rising to the top of the list of boardroom concerns.
The fragile confidence in the sector is further underlined by presence of credit risk, liquidity and capital availability in the top four.
Australian Supplement
Anxiety at record levels
Globally, anxiety levels are at their highest levels since they were first collected by the Banking Banana Skins survey 13 years ago. This is not a surprise given the global financial system, and Europe in particular, is skirting on the edge of a fresh crisis.
What will surprise many is how acute the anxiety is for Australia’s bankers, especially when the relative resilience of the nation’s banks and wider economy are considered.
To some extent this no doubt reflects the increasing gloom with which bankers – no matter which country they work in – regard the immediate future.
On a deeper level, it reflects uncertainties in the economic environment and the long journey the Australian banks still have to navigate through ongoing regulatory reforms that are still taking shape.
What will surprise many is how acute the anxiety is for Australia’s bankers, especially when the relative resilience of the nation’s banks and wider economy are considered.
To some extent this no doubt reflects the increasing gloom with which bankers – no matter which country they work in – regard the immediate future.
On a deeper level, it reflects uncertainties in the economic environment and the long journey the Australian banks still have to navigate through ongoing regulatory reforms that are still taking shape.
Please contact
- Hugh Harley
- Financial Services Leader, Sydney
- Tel: +61 2 8266 5746
- Stuart Scoular
- Banking and Capital Markets Leader, Sydney
- Tel: +61 2 8266 5498
Of further interest
- Media release
- Banking Banana Skins 2012 [PDF 1.8MB]
- Banking Banana Skins 2012 - Australian Supplement [PDF 1.8MB]
- Previous editions