As another year of uncertainty and disruption draws to a close, our Baker McKenzie Financial Institutions lawyers look ahead at the potential disruptors impacting the industry in 2024, all against a background of economic and geopolitical risk.

Our report, 2024: What's on the Radar for Financial Institutions?, gives an overview of the challenges facing the sector, drawing on our three risk radars, one for each of the forces that are transforming the financial sector.

  • Fintech and digital transformation - The business models of financial institutions are reshaping how these institutions deliver services, earn revenue and monetize value.
  • Sustainability - Market and investor expectations and commitments around sustainable finance and environmental, social and governance (ESG) considerations are changing global businesses' operations and are now at the very heart of decision-making.
  • Regulatory scrutiny - Regulators are increasing their scrutiny of every operational aspect of financial services and markets as they hold businesses to account.

Besides these megatrends, our report also spotlights two subsectors, financial sponsors (including asset managers) and investment banks. Insights touch on the increasing scrutiny, the potential impact of AI regulation, plus transactional challenges and competition from private capital.

Cover of Risk Radar report

We hope that you find our 2024 forecast for financial institutions of interest. Our partners would be more than happy to discuss any of these issues and risks further with you.

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