infonet-economy

A study by KPMG and the University of St Gallen investigates how private banks react to recent changes in their external environment. To address this question, private banks from Switzerland, Austria, Luxembourg, Singapore and Hong Kong have been interviewed and surveyed. Results show that significant country variations exist in how private banks view their external environment, in particular whether banks consider regulatory, macro-economic and technological developments as threats or opportunities. Such categorizations in turn shape the type of actions they take in response, for instance, whether private banks aim for a global footprint or rather stay local.