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.
The November and December 2011 poll of more than 700 respondents across 58 countries – including New Zealand – found anxiety levels in the financial system are now at an “unprecedented” high. The fragility of the world economy with the possibility of a return to recession was found to pose the greatest risk to the banking industry globally, while our New Zealand respondents identified credit risk as the top concern. Liquidity, macro-economic risk, political interference and capital availability rounded out the top-five New Zealand concerns and mirrored the same top global concerns.
This is the 14th survey we have produced with the Centre for the Study of Financial Innovation (CSFI) and is aimed at senior executives in the banking industry, identifying high level issues where the industry may be vulnerable. If you would like to discuss the findings and find out how it may affect you, please contact the PwC Financial Services team.