Banking & Capital Markets – Capital & Performance Management in the 2020s

Over ten years after the onset of the financial crisis, many banking and capital markets (BCM) firms are still struggling. With some stand‑out exceptions in North America and Asia, firms are still unable to cover their capital costs, and are still being priced at well below their book values. And there is now a global pandemic to deal with.

While there is nothing particularly significant about the start of a new decade, it still prompts the question of whether and how BCM firms (particularly in Europe) can finally restore themselves to viability, able sustainably to cover their capital costs and earn a re‑rating from investors.

In this report we will look at how BCM firms can realise value from transformation in the 2020s.