2014 Banking Industry Outlook, Financial Services

Predictions

2014 Banking Industry Outlook

Repositioning for growth

What investments are required today for tomorrow? Will they be sufficient in a VUCA world? Are they focused in the right areas?

Last year gave good reason for optimism. The ASX 200 index reached new highs. Consumer confidence improved. China introduced comprehensive reforms to revitalise its economy. Low interest rates and increased population growth boosted prices in many residential markets across Australia. The banking industry posted record annual profits and capital levels, and it was able to distribute record dividends to shareholders.

But it isn’t all up…

We all know that since 2007 the world has become increasingly regulated, with significant requirements relating to conduct, capital structure and liquidity. To add to the complexity there is still considerable anxiety as to how the timetable of the agreed regulatory reforms will play out in Australia as the new government begins to revoke some reforms and is considering others.

Financial Systems Inquiry

This year’s Financial Systems Inquiry - the first this century – is seeking submissions to identify the hurdles as well as the dynamics needed to support growth in the economy. It will look at how best to consider the innovations and technologies that are growing both domestic and international competitiveness in the sector, and it will explore the obstacles and any catalysts to funding, focussing again on evaluating essential and appropriate regulation.

The bottom line

Banking industry leaders will require across-the-board effort from their teams to:

  • Enhance customer experience in new ways 
  • Leverage the regulatory climate into positives 
  • Use data insights to deploy capital more efficiently and create value management reporting 
  • Build organisational agility and innovation for organisational strategic effectiveness 
  • Link technologies to innovate and optimise performance across multiple dimensions In this 2014 Banking Industry Outlook we consider these topics in more detail.
2014 Banking Industry Outlook
  • Contact us
  • Submit RFP
  • Our Solutions

    Progress your business growth and development

    Take a look at the products and services we offer.

    Deloitte Access Economics

    Deloitte Access Economics offers a full suite of economic advisory services including economic forecasting, modelling, analysis and advisory services to help our clients plan for the future, understand the implications of major decisions, and navigate the complexities of economic policy.

    Macroeconomic policy and forecasting

    Economic forecasting, modelling analysis and advisory services are combined to assist clients determine the impact of changes to economic policy and the macroeconomic outlook on their business, industry and region.

    CGE modelling

    Deloitte Access Economics is a leading provider of CGE modelling which is used to assess the economic impact of major projects and policy changes.

Did you find this useful?