The economic issues of the past 24 months have fundamentally altered the landscape and rules of the game within the financial services sector.
Government bailouts, the emergence of the bank holding company and the disappearance of once-‘household’ names (to name a few developments) have combined with a host of other forces to change the dynamics of this complex, global sector. Despite the recent signs of stability, volatility and caution will remain the key buzzword for some time to come. Indeed, there is a marked increase in interest in risk management across the sector (both from within and outside the industry).
Of particular note here is the new environment that financial services firms can expect to operate within going forward. There appears to be emerging consensus between governments in the US, UK and the European Union that greater regulation is essential. As these regulations are passed into law (in whatever final form they take), each player can expect to undertake a host of changes, including increasing their capital base, changing remuneration structures and implementing stronger risk management practices. Few sectors will emerg untouched by these changes.
The Smart Cube’s expertise and capabilities within the Financial Services sector is unparalleled. We not only have a fundamental working understanding of the Ins and Outs of the sector, given the range and depth of experience we have in supporting financial services firms with their analyst needs, but we have worked with a wide range of organizations in deconstructing, analyzing and assessing every key subsector, from a wide range of perspectives – from strategy to marketing to operations. To learn more about The Smart Cube’s experience in the financial services sector, please contact us.