The client survey indicated that
investment banking relationships
are surprisingly stable and long
lasting, but pointed to new
challenges in the years ahead.
The years since 2008 have provided a
recovery period for global investment
banks, with a rising stock market and
low interest rates supplying favorable
economic conditions. This has allowed the
investment banks to address their own
challenges, including lower profitability
and higher capital requirements, and to
respond to significant regulatory changes.
During this period, clients have taken
new interest in risk management
services in all forms, including reporting,
advice, tools and trading, as well as the
determination of counterparty safety.
We see this in the answer to the
first group of survey questions.