Every two years, PwC sponsors the Banking Banana Skins survey conducted by the Centre of the Study of Financial Innovation. Each survey identifies potential sources of risks to banks and then ranks them by severity. Also included are industry members' views about the risks they face, the soundness of financial markets, and other pressing issues.
Based on over 700 responses from 58 countries, the survey, aimed at senior executives in the banking industry, identifies high level issues where the banking industry may be vulnerable.
It seems that the economic uncertainty continues to resonate most, with macro-economic risk rising to the top of the list of boardroom concerns. The fragile confidence in the sector is further underlined by presence of credit risk, liquidity and capital availability in the top four.
Top 10 risks for 2012