Hear from our leaders in the Middle East on issues that affect the region and the business community.
1 July 2018, by Mohamed Serokh & Zeeshan Humayun
The global banking industry plays a central role in all commercial activities and is a fundamental pillar of the global economy, providing a vast array of services to support individuals and corporations across the world.
With a challenging regulatory landscape, scarcity of talent, technological disruption, and evolving macroeconomic conditions across the globe, banking CEOs and CFOs have more than enough on their plate. However, one regulatory aspect they cannot ignore is the tax element associated with the banking industry and how the recent developments in the international tax landscape impacts the banking industry. In fact, geopolitical volatility and regulatory issues, including tax, top this year’s list of perceived threats to business growth. According to PwC’s 2018 21st CEO survey, 86% of banking and capital markets CEOs are extremely concerned with regulation.