In the macro-environment, new risk factors are constantly appearing but they are difficult to identify by the managers of the business as well as by bankers. As the major changes or developments in the macro-environment are usually outside the business’ control, it’s essential that the managers of the business are able to anticipate the impact of these changes on either the business itself or on its market before they actually happen, so as to be able to adjust the business’ products or processes accordingly. In this presentation we consider the analysis of the macro-environment through the use of the PESTEL framework.