The majority of the world’s financial services organizations have been impacted by the industry’s recent turbulence. We have seen a major correction in financial imbalances and asset prices that has rocked the global economy. Customer spending has dramatically decreased, moving the agenda of senior managers from growth to survival. Regulators have switched their attention from open markets to tighter controls over risk and capital, and governments have intervened in the banking market to ensure its ongoing stability. These changes to the market present a significant challenge as well as a significant opportunity for the financial services industry.
Regulatory reform, more stringent capital requirements, risk management considerations, disruptive technologies, a low interest rate environment, and enhanced reporting requirements are all challenges to growth in banking and capital markets. Sophisticated strategies and solutions will be required for financial institutions to gain a competitive edge. Alba Consulting professionals assist many of today’s largest companies with their most challenging issues in every segment of the financial industry: consumer/retail banking, commercial banking, wholesale banking, mortgage banking, insurance, investment management, broker/dealer and real estate.
Over the past decade, retail financial services organizations have been reliant on profits generated from increasing consumer lending, whether through loans, mortgages, or card spending.
Private banking/Wealth management
While the credit crunch may have reduced the volume of high net worth individuals, the growth of the affluent sector.
Capital markets/Investment bankingGlobal corporate banking and capital markets have seen substantial change in the last few years.
While retail banking has seen an influx of new players and new channels, commercial banks have faced significantly different pressures over the past few years.
Global corporate banking and capital markets have seen substantial change in the last few years.