How financial services can recover from crash

Some 120,000 jobs have been lost in the European banking sector since 2009

BearingPoint partner Martin McKenna says the scale of the recent decline of Europe’s banking sector has been “jaw dropping”

BearingPoint partner Martin McKenna says the scale of the recent decline of Europe’s banking sector has been “jaw dropping”

 

The challenges facing the financial services industry as it attempts to recover from the 2008 crash will be explored at a seminar in Dublin tomorrow.

Event host and BearingPoint partner Martin McKenna said the scale of the recent decline of Europe’s banking sector has been “jaw dropping” as it reels from the 120,000 jobs lost and balance sheet growth hitting a brick wall.

He says a core question facing financial institutions is how can they return to profitability and growth against the background of an undifferentiated, increasingly regulated and risk-averse market.

“This breakfast briefing seeks to answer this question and presents insights into how international financial services organisations are facing up to the challenge.”

Economist Constantin Gurdgiev will present his insight on how the financial services sector is being reshaped by the twin forces of changing demand for and supply of investment, as well as by the regulatory responses to the crisis. He will also outline how demographic, macroeconomic and structural shifts in the global economy will require new business models to be implemented.

The “Financial Services Leaders’ Briefing: Turning Innovation into Assets” seminar will take place in the Convention Centre, Dublin.


Regulation
On the subject of financial services, Apex Fund Services and StatPro are hosting an event in the Shelbourne Hotel in Dublin this Wednesday evening, to discuss the tide of regulation facing the investment industry.

The event will have a particular focus on the Alternative Investment Fund Managers Directive, which came into effect on July 22nd, and is said to be having a game changing effect on the industry, according to Apex managing director for Europe and Middle East John Bohan.