2013 Banking Industry Outlook
Moving forward in the age of re-regulation
The banking environment for the coming year likely contains equal parts resolution of past challenges and introduction of new ones. The economy in the United States is showing evidence of continued recovery, with jobless rates continuing their slow decline and the housing market showing evidence of some recovery. Deloitte's 2013 Banking Industry Outlook examines a series of interdependent issues that senior-level bankers should consider.
At the same time, the weakening of the European economy continues. Stopgap measures have been passed over the recent months, but a long-term resolution of the economic instability in Portugal, Ireland, Italy, Greece, and Spain is not evident. Speculation can lead one to many potential outcomes, including the potential dissolution of the European Union. But whatever the outcome is, it is not likely to be quickly implemented, nor will it come without significant pain.
China, too, has seen somewhat of a slowdown in its previously accelerated growth. Reduced economic activity, with consequential reductions in demand for commodities to fuel that output, could have a knock-on effect on many economies throughout the world.
The issues presented in this report are arranged in pairs from the most critical and rapidly evolving to those that are the more evergreen challenges that bank leaders face. Starting the lists are two issues that are fundamental and upon which all the other issues are based: making hard decisions about where to compete, and building the data-centric organisation.
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