GlobalRisk2019CreatingaMoreDigital,ResilientBankBostonConsultingGroup(BCG)isaglobalmanagementconsultingfirmandtheworld’sleadingadvisoronbusinessstrategy.Wepartnerwithclientsfromtheprivate,public,andnot-for-profitsectorsinallregionstoidentifytheirhighest-valueopportunities,addresstheirmostcriticalchallenges,andtransformtheirenterprises.Ourcustomizedapproachcombinesdeepinsightintothedynamicsofcompaniesandmarketswithclosecollaborationatalllevelsoftheclientorganization.Thisensuresthatourclientsachievesustainablecompetitiveadvantage,buildmorecapableorganizations,andsecurelastingresults.Foundedin1963,BCGisaprivatecompanywithofficesinmorethan90citiesin50countries.Formoreinformation,pleasevisitbcg.com.March2019|BostonConsultingGroupCREATINGAMOREDIGITAL,RESILIENTBANKGEROLDGRASSHOFFMATTEOCOPPOLATHOMASPFUHLERNORBERTGITTFRIEDSTEFANBOCHTLERVOLKERVONHOFFCARSTENWIEGANDGlobalRisk20192|CreatingaMoreDigital,ResilientBankCONTENTS3OVERVIEW5IT’SATHREE-SPEEDWORLDFORECONOMICPROFITABILITYRegionalPerformance:AMixedPictureTimetoPrepareforEconomicandTechnicalChange10SETTINGTHEREGULATORYSTAGEFORTHEFUTUREOFBANKINGFinancialStabilityPrudentOperationsResolution15ASBANKSDIGITIZE,SOMUSTRISKANDTREASURYDigitalRiskDigitalTreasuryIntegratedBalanceSheetManagement20FORFURTHERREADING21NOTETOTHEREADERBostonConsultingGroup|3MicrosoftfounderBillGatesoncesaid,“Wealwaysoveresti-matethechangethatwilloccurinthenexttwoyearsandunderestimatethechangethatwilloccurinthenextten.”Hiswordsapplyespeciallytotechnology.Digitaldisruptionseemslikeanabstractionuntilitisthrustuponone’sbusinessandindustry.It’ssafetosaythatinbanking,disruptionisnowhere.Innovationsthatwerebleedingedgejustadecadeago—suchasroboticprocessautomation,machinelearning,artificialintelligence,andcloudcomputing—arejoiningthemainstream.Likewise,fintechs,bigtechs,anddigitalleadersthatemergedduringthepastdecadehavealreadybeguntoformstrategicbankingpartnershipsandtocarveoutspecial-izedniches.Astransformationaccelerates,openbanking,instantpay-ments,an...
