Home Resources Library Strategy Aim For Revival. Not Just Survival – Oliver Wyman

Aim For Revival. Not Just Survival – Oliver Wyman

Europe’s banks are set to take a large financial hit from the COVID-19 crisis, both in credit losses and in several years’ worth of weaker earnings that are expected to follow. After a decade of strengthening balance sheets, however, the industry looks sufficiently robust to sustain the economic shock and expected credit losses. Banks have worked hard to maintain their operations and to support their customers during the lockdowns thus far, and they are partnering with governments to protect the economy. Some goodwill, in short supply for years, is being replenished.

Category: Tags: ,

Description

In this European Banking report, we therefore look at whether this is a moment that could bring about more far-reaching and much needed changes to the industry.

In the first section we examine the financial outlook for Europe’s banks. In the second section we then look at how banks are responding and what steps will be taken to manage the upcoming credit environment and to rebuild financial returns. Lastly, we look at the banking system that Europe needs, and the collective effort required to get to there from management, employee groups, shareholders, regulators, and policymakers over the next few years.

Additional information

Language

English

Pages

20

We use cookies to improve the user experience. Learn more

The cookie settings on this website are set to "allow cookies" to give you the best browsing experience possible. If you continue to use this website without changing your cookie settings or you click "Accept" below then you are consenting to this.

Close