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Will it change for good?
From a New Zealand perspective, capital markets in 2020 will look vastly different than they do today. This publication explores the powerful forces that are changing the global banking industry landscape and what banks will need to do to stay competitive - and win - over the next five years.
Growth in banking profits indicate a confident New Zealand economy
New Zealand's five major banks – Westpac, ASB Bank, ANZ New Zealand, BNZ and Kiwibank – have continued to show growth in the second half of their 2014 financial years on the back of a confident economy.
The recommendation for a more conservative capital regime in Australia may not have direct implications for New Zealand’s banks given our banks already operate under a prudential regime at this time. However, these recommendations may have ripple effects for the New Zealand subsidiaries of Australian banks and, potentially, other financial services. Read our report.
As barriers to entry for non-banks to provide formerly 'core' banking services continue to decline, the business models of New Zealand's banks will be challenged.
Far from just being another channel, the impact of digital is transforming what insurance customers expect which will create fresh opportunities for companies to get closer to their customers, moving insurance from a price to a value consideration for New Zealanders.
Most financial services businesses are organised and run for a marketplace that is fast disappearing. So, how can you make sure your business is equipped to compete now and in the future?
In this paper we outline the organisational implications of the forces reshaping the financial services sector and then set out our blueprint for the successful organisation of the future, before concluding with the immediate priorities for action.
How life insurance and pensions businesses can thrive in a digital world
Far from just being another channel, the impact of digital is transforming what customers expect and creating new opportunities in underserved markets.
Our analysis of Australia's four major banks' half-year results
In this issue we discuss the results, provide an outlook for the sector and place a spotlight on Australia's Financial System Inquiry and customer engagement.
Inching towards recovery.
What risks do Australasia's banks face in the current climate and how are they prioritising them? PwC and the Centre for the Study of Financial Innovation (CSFI) have once again joined forces to learn what our banking industry leaders see as their biggest threats.
Eyes wide shut: Global insights and actions for banks in the digital age.
Asia Pacific banks are leading the way in the digital space, with digital strategies routinely part of the banks' board agendas, banks having a grasp of what their customers want and need, and they have the talent to expand their digital channel offerings thanks to collaboration across their organisations.
Powerful forces are reshaping the banking industry, creating an imperative for change. Banks need to chose what posture they want to adopt - to lead the change, to follow fast, or to manage for the present. Read our Retail Banking 2020 report to find out more about the future of retail banking.
As confidence returns to real estate, the industry faces a number of fundamental shifts that will shape its future.
With contributions from 40 partners across our global network, our Real Estate 2020 report looks at the likely changes in the real estate landscape over the coming years and identifies the key trends which will have profound implications for real estate investment and development.
The asset management industry stands on the edge of a number of fundamental shifts that will shape the future of the industry.
Our analysis sets out how the operating landscape for asset managers will change by 2020 and explains how asset managers can prepare for the challenges ahead and turn them into competitive advantages.
New Zealand's five major banks have continued to show good growth in the second half of their 2013 financial years on the back of a confident economy, according to the findings of our New Zealand Banking Perspectives report.
It has been another strong year of results for the banks, according to our analysis of the four Australian majors' full-year results. PwC's Major Banks Analysis found that despite sluggish credit growth and a 3.1% rise in annual costs the banks delivered record cash earnings, with moderate revenue growth and low bad debt expenses.
We know sustainable growth for insurers is getting harder to achieve: and as our latest Insurance 2020 publication shows, it's not just New Zealand insurers who are being challenged.
In this edition, we look at the future of the global insurance M&A market and give our predictions for the period ahead.
As markets evolve, it's just as important to have a regional as well as a local view when pursuing opportunities for profitable growth.
That is why we believe you'll be interested to read our inaugural edition of Insurance Facts & Figures - Asian Region 2013.
Our publication provides an overview of the current and evolving regulatory, accounting and tax regime for insurers in 14 countries across the Asian region, including New Zealand.
Insurance Facts and Figures is our annual update on the key accounting, regulatory and tax developments over the past 12 months in the general insurance, life insurance, health insurance and insurance intermediaries sectors in Australia.
The global private banking and wealth management survey provides insights into some of the critical issues currently impacting the private banking and wealth management industry. It contains analyses of trends and changes that will shape the marketplace of the future.
What risks are the New Zealand insurance industry facing and how are they prioritising their challenges?
In our latest Insurance banana skins survey, we asked the nation's insurers to tell us, and found Mother Nature continues to keep the Kiwi insurance industry high on its toes.
How can you actively shape your culture and use it to your competitive advantage?
This paper suggests you have to identify people’s most telling habits and routines (the 'moments that matter') and actively shape them. The key to achieving this are what we believe are the five golden rules of a high performing culture.
How can your business move your business strategy onto the front foot?
We’re pleased to introduce ‘Seizing back the people agenda’.
This paper looks at how to make sure your people strategies reflect the big competitive decisions within your business, rather than being only short-term responses to stakeholder pressures.
This survey focuses on the strategic and emerging issues surrounding the expanding activities of foreign insurance companies in China.
New Zealand Banking Perspectives analyses the reported results of New Zealand’s five major banks (Westpac, ASB, ANZ National, BNZ and Kiwibank).
A joint undertaking of the Urban Land Institute (ULI) and PwC, Emerging Trends in Real Estate® Asia Pacific is a trends and forecast publication, providing an outlook on the Asia Pacific real estate investment and development trends, real estate finance and capital markets, property sectors, metropolitan areas, and other real estate issues.
Optimize your operating and sourcing model - an insurance industry perspective
The insurance industry is experiencing increasing pressure on both margins and the need for better information to improve the decision-making process. We have recently seen the following trends in particular affect the finance function.
In this recent publication authored by our US colleagues, we explore how insurance companies can get more value from their finance functions.
Competing for a future
The life and pensions sector has many reasons to be up beat about its future.
In this paper, we explore the forces that are set to transform the life and pensions sector, what the new marketplace is going to look like and how your business can come out on top.
This survey focuses on the strategic and emerging issues faced by foreign banks in China.
Using digital to drive future retail banking profitability
PwC conducted research with 1,000 customers to test the impact and extent of the Digital Tipping Point in Australian retail banking. The respondents represented a cross-section of customers in terms of demographic attributes. The intent was to supplement and augment the insights that the banks already have on their own customers, and provide an 'outside-in' perspective including global insights.
Rapidly accelerating growth within South America, Africa, Asia and the Middle East (SAAAME) is leading to a radical shake-up in the competitive environment for financial services businesses, both within the SAAAME region and beyond.
How will the industry landscape be transformed? Where do the real opportunities lie and how can your business capitalise on them?
The psychology of incentives
Over the past few years pay practices in the financial services sector have come under intense scrutiny. Regulators, governments and shareholders in many countries have pushed for changes in reward in the sector, and in particular for an ever greater emphasis on longer-term incentives.
This study illustrates much of what’s wrong with executive pay, but also what works. We hope it will prove an important contribution to the debate.
Should covered bonds be part of your funding strategies?
This publication provides a comprehensive overview of covered bonds, including the benefits and for issuers and investors, how they compare with other types of long term funding, the regulatory environments in Europe, Asia, the US and Canada, the impact of other regulations and how you can set up a covered bond programme.
Hedge fund trust and transparency
In the three years since the credit crisis, the Asian hedge fund industry has come under pressure from investors to build trust by improving corporate governance, strengthening operations and providing more transparency into the controls in place.
We believe, however, there is room for further improvements related to conflicts of interest and operational controls to allow the sector to truly fulfil its long-term growth potential.
Reshaping the workplace in financial services
Drawing on the results from our latest millennials survey, this report looks at how their unique characteristics demand an innovative approach to recruitment, retention, management and development, which organisations simply can’t afford to ignore.
Reshaping the workplace in financial services in Asia
Our Asia version of the Millennials at work: reshaping the workplace in financial services, shows Asia is a key strategic market for many financial services firms. The ability to attract and retain the new generation of employees will be a vital step for financial services firms in their ability to deliver on their long term strategies.
An annual report
Top Insurance Industry Issues in 2012 describes the challenges insurers are facing and the strategies they can use to cope with change, manage risk, enhance their operations, and grow.
Making the most of international mobility in financial services
Drawing on interviews with senior HR executives from leading international financial services groups from around the world, this report explores the workforce management issues of matching talent with growth objectives and how companies can address these issues as part of their overall business planning.
The future of equity capital markets
We asked several questions relating to the Capital Markets sector to senior managers from companies across the globe. Their responses highlight the challenges facing incumbent markets in the coming two decades.
A New Zealand Perspective
Banking Banana Skins 2012, and our inaugural New Zealand supplement, describe the risks currently facing the global banking industry, as seen by a wide range of bankers, banking regulators and close observers of the banking scene around the world.