Banking and Securities Outlook 2010
2010 is certain to be another tough year for the banking and securities industry. During 2009 there was constant pressure. Despite a bounce-back in many asset markets, many financial services companies continue to deal with troubled assets. Management teams, including boards, face big new challenges. Some of these have resulted from the credit crisis that began in 2007 - for example, boards may be giving new attention to succession planning after a run of unexpected CEO departures. Other challenges are ongoing as part of broader efforts to restore trust and confidence to the financial system. There may be a lot more debate, for instance, over compensation in the industry, particularly for those institutions in receipt of public funds.