The global economic crisis has turned a harsh spotlight on the role, accountability and transparency of banks and their leadership. In the outside world, public confidence and support is at an all-time low with far-reaching questions about the social utility of banks. On the inside, banks face complex challenges as they adapt to new regulatory environments and seek new ways to function as a profitable motor for the economy.
In this radically different operating landscape, the drive to rethink conventional business models is gathering momentum. This is further accelerated by big data, integrated analytics and new technologies that are transforming how banks and financial services go to market. Innovative renewal is needed if banks are to retain their central place in the payment system.
This session will bring stakeholders from different sectors together to identify options and best practices for a sustainable financial architecture that meets the needs of the economy, shareholders, entrepreneurs and the public. Its target audience will include:
Financial services firms wrestling with how to develop a new business model in a low interest rate and high capital requirements environment (often coupled with substantial legacy asset problems). Firms will have the chance to explain their situation more clearly to regulators and learn more about the strategies being pursued by their peers and those recommended by the leading consultants.
Regulators trying to find the right balance between increased systemic safety and the real economy's need for financial services at affordable prices. Regulators will have the opportunity to learn more about the problems the firms they regulate are facing, and to understand the practical implications of different regulatory approaches in different jurisdiction.
Consultancy firms, who will have the chance to interact with both practitioners and regulators and to explain and test out their cutting edge strategies.
The program has the flexibility to be extended into a multi-year series, creating a collaborative platform to identify and address emerging issues.
For more information please contact Clare Shine at cshine@salzburgglobal.org.