The tentative growth that banks and businesses have enjoyed in the last decade is slowing, and there are indications that the global economy is on the cusp of a downturn. Central banks around the world are predicting the slowest growth rates since 2009, retreating from previous plans for multiple interest rate rises in an effort to combat decelerating global growth.
At the same time, banks, insurers and major players from across the financial ecosystem face a variety of newer, less cyclical risks. The pressure of digital transformation is complicated by the ongoing risk of cyber attack, confusion over tech regulation, and unexpected costs of digital implementation. Competition in the sector remains stiff, with customer-centric challenger banks, agile fintech start-ups and even technology companies from outside the financial sector vying for talent, investment and customer attention.
As the sector looks towards a new decade, questions remain for US banks. What will cause the next crisis, and what will it look like? How will banks navigate recession in a time of geopolitical uncertainty, technological disruption and ethical upheaval? Will enormous investment into technology continue into the 2020s?
Join the Financial Times to discuss the place that US banks hold in the global financial ecosystem, and how we expect this to change over the next decade. We will explore the threats that still simmer beneath the surface and the enduring trends that will shape the banking industry worldwide.