Irish 2022 Outlook for Banking & Capital Markets has been saved
Irish 2022 Outlook for Banking & Capital Markets
An evolving ecosystem
Sean Smith, Partner and Banking & Capital Markets Leader, Deloitte Ireland, surveys the landscape in a changing Irish banking sector.
2022 promises to be another busy year in the Irish banking sector, shaped in the main by macro events, regulatory focus, evolving business models and customer demands.
These trends are not new but their impacts on the ecosystem are likely to become more pronounced and embedded over the course of the year. The most obvious changes are occurring in the retail sector with the perfect storm caused by the exit of two key players, COVID-19, Brexit, new fintech and non-bank entrants, and pressures on business models creating a strong impetus for change. Less obvious but equally significant are the changes in the international banking sphere post-Brexit. The set of challenges facing the international banks includes a greater focus on governance, simplification of the business model, outsourcing, regulatory divergence, and digitisation. Last but not least are the scaling fintechs and neo-banks with a clear focus on disrupting incumbents.
The key takeaways from our Outlook
What Irish Banking companies need to know.
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