In the last few years, the global banking industry has been dominated by significant uncertainty, and the year ahead is no different given the implications of Brexit, a new US administration in the USA, and the delays in the finalization of Basel IV regulations. Despite these factors, banks need to find ways to improve financial performance, either by growing or optimizing their business. This was the focus of the 2017 EY Global Banking Outlook survey, “Uncertainty is no excuse for inaction.” Based on the responses of senior executives from almost 300 banks worldwide, many are seeking ways to improve profitability, despite tighter budgets, continuing risks and different regulation agendas in the market. This article focuses on the survey results and implications significant to the Asian region.
Jun 182017