- About Us
- Practice Areas
The Australian financial system continues to perform well with the return on equity for each of the major banks exceeding 15%. Over the long term the major banks face a number of challenges including pressures on cost-to-income ratios and disrupting technologies that will impact banks across the value chain.
The recent Financial Systems Inquiry (FSI) emphasised the concern to the stability of Australian banks, particularly in the event of a GFC style correction. The FSI also highlighted the need for banks to focus on technology change and innovation. We believe that in this future environment banks will continue to concentrate on efficiency improvements and superior customer experience. They will also need to capitalise on the use of data and technology to create new business opportunities.
Challenges and trends facing the sector: