Infographic: the buzzwords of 2016
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Five critical issues are set to dominate financial services in 2016. Here are the words and trends you won’t be able to avoid
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Infographic: the buzzwords of 2016
- 1. CHANGINGHORIZONS KEYISSUES 32_SECURITIES.BNPPARIBAS.COM WINTER 2016 | QUINTESSENCE_33 CHANGING REGULATION CHANGING TECHNOLOGY $15bn-$20bn Theamountblockchaincouldsavebanks incross-borderpayments,securitiestrading andregulatorycompliancecostsby 2022 “Blockchain technologycontinuesto redefinetheglobal financialeconomy” BobGreifeld, Nasdaqchiefexecutive InJune,Nasdaqused blockchaintechnologyto supportitsnewprivate share-tradingmarket “Forbetterorworse,’tildeathdous part,becausetheblockchainisforever,” Theblockchain-recordedmessage loggingtheworld’sfirstblockchain wedding,betweenDavidMondrusand JoyceBayo,October2014, Orlando,Florida ofassetownerslookat riskonadailybasis 41%* 10of41* G20countrieswhohave implementedprimary legislationtosupportautomatic exchangeofinformation 130of193* UNMemberStateswhohave sigeduptotheOECD’sglobal initiative ontaxtransparency 1in4* assetowners viewgrowingcomplexity ofriskmanagementas thebiggestchallenge overthenextyear Five critical issues are set to dominate financial services in 2016. Here are the words and trends you won’t be able to avoid. “Thework ontaxisthe G20atitsbest” BarackObama SPEEDOFGROWTH INDIA CHINA INDONESIA 7.3% 6.9% 4.7% 15%-20% 43%* 50%* 45%* 68%* 33%* Percentageoftotal privatebankingcosts spentoncompliance Citedhavingthecorrectdatafor decision-makingasthemajor challengeinriskmamagement Citedhavingthecorrectdatatomeet regulatoryreportingrequirements asthemajorchallenge SouthAmerica AsiaPacific EMEA 2015GROWTH COMPARATORS CHANGINGHORIZONS Convergenceofdevelopedmarketsgrowth withgrowthinemergingmarkets “InAsia Pacificawell-managed middleofficefunction canaddrealvalueto anorganisation” MostaphaTahiri, HeadofBNPParibas SecuritiesServices Singapore CHANGINGBUSINESSMODELS *BNP PARIBAS SECURITIES SERVICES GLOBAL RISK SURVEY 2015 BANKING BANANA SKINS 2015: THE CSFI SURVEY OF BANK RISK *GLOBAL FORUM OF TRANSPARENCY AND EXCHANGE OF INFORMATION FOR TAX PURPOSES *BNP PARIBAS SECURITIES SERVICES GLOBAL RISK SURVEY 2015 OUTSOURCINGANDRISKMANAGEMENT:THENEXTFRONTIER? “Thesingle biggestexistential threatoutthere iscyber” MikeMullen,former Chairman,USJoint ChiefsofStaff OUTSOURCINGANDTHECOSTOFCOMPLIANCE CHANGING ATTITUDESTORISK Cybersecurityspendingwillgrowtwiceasfastas physicalsecurityspendingoverthenextfiveyears Growthinadvancedeconomies Growthinemergingmarkets 2014 1.8% 2.1% 2015 2.4% 2016 2014 4.6% 2015 4.2% 2016 4.7% nPalegreen =Members nGrey=Non-members nYellow=Expressedinterest *117 ASSET OWNERS WITH USD 6 TRILLION AUM, BNP PARIBAS SECURITIES SERVICES GLOBAL RISK SURVEY 2015 SS&CTECHNOLOGIES2014 Assetownerswhooutsource atleastpartoftheirrisk reportingvariesbyregion Signatoriestothe OECD’sGlobalForumonTransparency andExchangeofInformationforTaxPurposes *GARTNER 2015 ** MARKETS & MARKETS 2015 THE FINTECH 2.0 PAPER (SANTANDER INNOVENTURES, ANTHEMIS AND OLIVER WYMAN) BUZZWORDS OF 2016 Latestpollof seniorbankersand regulatorsshows criminality(cyberattacks inparticular)hasrisen fromninthlastyearto secondplaceinthetable ofmostseriousthreats 2015 $77BN* 2020(PROJECTED) $170BN** GLOBALCYBERSECURITYMARKET GLOBALPHYSICALSECURITYMARKET 2015 $65BN** 2020(PROJECTED) $105BN** 2015GROWTH IMF2015, THEECONOMISTPOLL/EIUFORECAST CENTRALAMERICA2015(IMF) 4.25% CHILE 2.8% COLUMBIA 3.3% MEXICO 2.4%