Strategic risk management in banking
The banking industry is currently in a period of heightened change and uncertainty. The competitive environment continues to evolve, with growing competition among banks, non-banks, and financial technology firms (FinTechs). At the same time, the ongoing low-growth, low-interest rate economic environment is putting pressure on traditional sources of profitability.
Banks are increasingly searching for new avenues for growth— developing new and innovative retail products, seeking yield through alternative investment vehicles, and implementing new sales and marketing strategies to increase volume. While failing to innovate in this environment may place banks at a competitive disadvantage, doing so without aligning business strategies with sound risk management practices may also heighten strategic risks.
Inside Magazine - Global edition 2017
Inside is Deloitte’s quarterly magazine offering an exclusive insight into best practices, trends and opportunities faced by our clients across all industries.
Inside focuses on the main hot topics relevant for the market (Asset management, Banking, Insurance, Public sector, Healthcare, Private equity, Real estate, TMT, Manufacturing and consumer business, Transport and logistics).