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The bank of 2040

A brave new world

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Global Bank Review 2017

We have recently published our inaugural Global Bank Review – a publication by our Global Banks Sector Group, which brings together the people at Herbert Smith Freehills who live and breathe banks. The group’s expertise spans the major financial centres of the world and includes practices across the firm.

The bank sector is facing advancing technology, growing cyber security risk, increasing capital requirements and rising numbers of non-bank competitors. The regulatory landscape, its evolution, and in some cases revolution, has continued post the global financial crisis. “The bank of 2040” is likely to look very different to what we see now, and this is a result of the fact that the industry has always been ahead of the curve when it comes to the adoption of new technology. The rate of change and developments and the ever-increasing opportunities and challenges in the sector are just some of the many issues explored in this publication.

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Banks and technology - how will things develop?
An interview with Kerry Roxburgh, Chairman of Tyro Payments.
Financial sector regulatory trends – what to watch
Partner Andrew Procter discusses key regulatory trends and what these mean for the financial sector
Fast forward to 2040
Kerry Roxburgh, Chairman of Tyro Payments, discusses his thoughts on the bank of 2040 with partner Mike Gonski