The adverse effects of the pandemic will remain notable for the global banking industry, forcing the competitive landscape of the sector to change and slowing growth in traditional product areas, while fostering innovation in other areas—especially in the digitalization of basically every sphere of banking and capital markets. [...] The United States and China The competition between China and the United States has intensified during the last decade, with the focal point being control over the domination of global trade and technology. [...] The region has room for improvement in the skills and capabilities of its workforce and should focus on ensuring the development of capabilities and expertise that are necessary for innovation and strengthening these skills across organizations in the region. [...] Additionally, banks’ healthy levels of capital before the pandemic were paramount in helping to mitigate the negative effects of the health crisis and providing hope for the possibility of the global economy to recover in the near future. [...] Despite this, the adverse effects of the pandemic will still be notable for the global banking industry, forcing the competitive landscape of the sector to change and slowing growth in traditional product areas, while fostering innovation in other areas–especially in the digitalization of mostly every sphere of banking and capital markets.
- Pages
- 48
- Published in
- Canada
