Abstract
Introduction
The recent banking crisis has prompted calls for a tighter regulatory regime,
which together with the harsher economic climate will force banks to adopt new
strategies for cost-cutting and revenue maximization in order to safeguard
their future.
Scope of this research
- Addresses the impact of new regulation on UK retail banking.
- Details the opportunities that exist for UK retail banks to achieve
long-term cost-savings.
- Highlights areas where banks can seek to grow revenue in the new
environment.
Research and analysis highlights
An era of tougher regulation is approaching, which will have fundamental
implications for the way in which banks operate. The extent of these changes
will depend on how restrictive the new regulatory environment is.
There is therefore a renewed imperative for banks to seek out ways to reduce
costs. Strategies that favor long-term over short-term cost-savings should be
pursued.
Coupled with the necessity for cost-savings is a requirement for a focus on
revenue growth strategies that favor a move away from the high-risk approaches
of the past few years.
Key reasons to purchase this research
- Gain an insight into which new regulatory measures are most likely to be
introduced.
- Identify key areas where costs can be saved while still promoting a
customer-centric banking model.
- Gain an insight into how the longer term strategies being used by banks
can present opportunities for revenue growth.
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