Banking and capital markets

81%

of banking and capital markets (BCM) CEOs see over-regulation as a threat to growth

15th Annual Global Global CEO Survey

Banking and capital markets industry insights

BCM leaders in the CEO Survey are weighed down by economic and regulatory uncertainty. But they recognise the vital importance of investment in talent, innovation and strategic alliances as they strive to sustain profitability and long-term growth.

Sustaining growth is challenging. More than 80% of BCM CEOs see over-regulation and economic uncertainty as threats to growth. Only 15% are planning to carry out a cross-border acquisition in the coming year, despite the strong need to sustain revenues and bolster return on equity.

Threats to growth

Capitalising on global opportunities. South America, Asia and Africa dominate the list of regions targeted for growth by the BCM CEOs. Sixty percent of BCM CEOs see emerging markets as more important for their company’s future than developed markets.

Regions targeted for growth

Market opening up to innovation. Innovation is clearly a key aspect of the growth agenda for BCM CEOs, with 64% looking to build up their capacity in this area. Digital transformation provides an opportunity to engage more closely with customers. But it’s also opening up the market to disruptive new entrants, though few CEOs are concerned about the threat.

Concerns of talent shortages. More than 40% of BCM CEOs believe skills shortages are a threat to growth and that it’s getting harder to recruit and retain good people in their industry. The high potential middle managers that will be crucial in taking the business forward are in especially short supply.

Overcoming recruitment challenges

Quotes

Andrey Kostin

President and Chairman of the Management Board, JSC VTB Bank View profile

The global economy is gradually entering an utterly new phase with a slower pace of growth, restricted access to capital as well as serious regulatory reform and redistribution of economic weight among key global economies

Francisco González

Chairman and CEO, Banco Bilbao Vizcaya Argentaria (BBVA) SA View profile

The weaker banks need to disappear because, aside from failing to do their job of providing credit, they weaken the rest of the system.

CEO survey: Explore the findings

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Embracing volatility

Local approaches to global growth

Risk resilience

Facing the talent challenge

Innovating on multiple fronts