Knowledge@Wharton and Ernst & Young Piece Together Global Banking Industry Puzzle in Third Installment of Video Series

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In the latest installment of its video series, Global Banking: Foresights and Insights, banking industry thought leaders from Ernst & Young and Knowledge@Wharton review risk management, capital allocation and the impact of financial and regulatory reform.

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At the start of regulatory reform, it was very much like a giant jigsaw puzzle. Banks didn’t have all the pieces and didn’t have a picture to follow as to how you put it together.

“At the start of regulatory reform, it was very much like a giant jigsaw puzzle. Banks didn’t have all the pieces and didn’t have a picture to follow as to how you put it together. That made it very complex for global organizations to figure out which products and which businesses they want to be in or that their regulator will allow them to be in.”

That’s one of the observations made by Ian Baggs, Ernst & Young’s Deputy Leader for Global Banking & Capital Markets, in the latest installment of Global Banking: Foresights and Insights, a video series in which leading academicians and banking industry thought leaders from Knowledge@Wharton and Ernst & Young have combined their experience to address the impact of financial reform and other issues confronting the global banking industry.

In addition to Baggs, the latest video discussion titled, “Putting Together the Global Banking Puzzle” features Marcel van Loo, Ernst & Young EMEIA Banking & Capital Markets Leader, and Mauro Guillen, Professor of Management at The Wharton School and Director of the Joseph H. Lauder Institute of Management and International Studies.

Each panelist provides insight on the issues that are driving bank executives’ decisions and what strategies they are employing to rebuild customer trust and return to profitability. The discussion revolves around the following subjects:

  •     Repositioning risk management;
  •     Efficient allocation of capital;
  •     Customer driven and bottom-line approaches; and
  •     Compliance requirements.

“Each banking institution is facing unique and complex challenges,” said Wharton’s Guillen. “There will not be one model for success, so a thorough audit of an institution’s risk appetite, capital structure, and compliance progress is in order. Institutions that are able to prioritize, make informed decisions and execute large-scale projects across its service lines will have a distinct advantage over their competitors.”

This is the third installment in the video series. The first addressed the new wave of re-regulation. The second addressed emerging vs. developed markets. Future topics will include lessons learned from the financial crisis, emerging markets, information technology investments, future growth models and more.

About The Wharton School and Knowledge@Wharton

The Wharton School of the University of Pennsylvania — founded in 1881 as the first collegiate business school — is recognized globally for intellectual leadership and ongoing innovation across every major discipline of business education. The most comprehensive source of business knowledge in the world, Wharton bridges research and practice through its broad engagement with the global business community. The School has 5,000 undergraduate, MBA, executive MBA, and doctoral students; more than 9,000 annual participants in executive education programs; and an alumni network of 88,000 graduates

Knowledge@Wharton is a free biweekly online resource that captures knowledge generated at the Wharton School and beyond through such channels as research papers, conferences, speakers, books, and interviews with faculty and other business experts on current business topics. The Knowledge@Wharton network – which includes Chinese, Spanish, Portuguese, Indian and Middle East editions -- has nearly 1.7 million subscribers worldwide and contains more than 2,000 articles and research papers in its database. For more information:

About Ernst & Young Banking & Capital Markets Center
In today’s globally competitive and highly regulated environment, managing risk effectively while satisfying an array of divergent stakeholders is a key goal of banks and securities firms. Ernst & Young’s Global Banking & Capital Markets Center brings together a worldwide team of professionals to help clients achieve their potential – a team with deep technical experience in providing assurance, tax, transaction and advisory services. The Center works to anticipate market trends, identify the implications and develop points of view on relevant industry issues. Ultimately it enables us to help clients meet their goals and compete more effectively. It’s how Ernst & Young makes a difference.

About Ernst & Young
Ernst & Young is a global leader in assurance, tax, transaction and advisory services. Worldwide, our 141,000 people are united by our shared values and an unwavering commitment to quality. We make a difference by helping our people, our clients and our wider communities achieve their potential. For more information, please visit

Ernst & Young refers to the global organization of member firms of Ernst & Young Global Limited, each of which is a separate legal entity. Ernst & Young Global Limited, a UK company limited by guarantee, does not provide services to clients.


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