Because of evolving regulatory landscapes and ever-changing market developments, financial organisations need to be agile, flexible and innovative. This Financial Services in Uncertain Times portal, is designed to be your financial guide:
The market turmoil due to the economic crisis has illustrated the importance of liquidity to the stability of financial markets and the banking sector. The financial crisis has demonstrated how quickly cash liquidity can evaporate. Liquidity and capital management need to be managed going forward and solutions developed for collateral management, managing non-performing loans (and credit expenses in general) and claims assessment.
While the current global credit crisis affects all industries, and each segment of the financial services sector, it would be a mistake to forget about the growth opportunities and the importance of revenue protection. Current market multiples offer unique opportunities for M&A and clients as we look toward a new financial landscape and developing reliable financial partners.
The current economic crisis implies a weakening in demand for products and services, putting pressure on company’s revenue growth. Existing cost management structures need to be reviewed in the global economic downturn and cost structures are bound to be made more flexible. Furthermore, it is essential to take a fresh look at your company’s tax position, real estate and operating locations and consider how the economic trends country-by-country and within Central Europe affect your business.
The credit crisis has shown how risk management frameworks have failed to forecast, or prevent the proportion or scale of losses experienced globally. Prepare for a significant increase in regulatory scrutiny in several markets and countries. Detailed, comprehensive requirements will remain; uncertainty about upcoming new regulations will require effective management of regulatory risk.