The World Economic Forum has released its initial report from the New Financial Architecture project, “The Future of the Global Financial System: A Near-Term Outlook and Long-Term Scenarios.”
The report identifies a near-term industry outlook characterized by an expanded scope for regulatory oversight, back to basics in the banking sector, some restructuring by alternative investment firms and the emergence of a new set of winners and losers.
The money quote: "Re-regulated banks may become more like public utilities."
Worth using for scenario planning.
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Posted 24th January 2009 by David Jacobson in Risk management