11 February 2010

PwC : Banking Banana Skins 2010

We are delighted to share the 13th Banking Banana Skins Survey produced by the Centre for the Study of Financial Innovation (CSFI). This Survey aimed at senior executives in the banking industry, identifies high level issues where the banking industry may be vulnerable.

Banking Banana Skins 2010, sponsored by PricewaterhouseCoopers, puts together a league table identifying potential sources of risks to banks and ranks them by severity. This year’s survey is based on over 400 responses from 49 countries.

With political interference as this years top risk and too much regulation at number three, the concern is that the financial crisis has taken the banking industry’s future out of its own hands. The dash by governments to rescue their banks from disaster may have staved off a collapse of the system, but it has left attitudes to the banking industry deeply politicised. A proportionate response is now needed to avoid damaging the banks’ long term capacity to return public funds and enable them to play their essential role in the wider economy effectively.

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