CONTACT US GLOBAL LOCATIONS ALUMNI LOGIN WHO WE ARE WHAT WE DO INSIGHTS COMMUNITY CAREERS INSIGHTS FINANCIAL SERVICES Bringing deep industry expertise to leading financial institutions Financial Services Insights The Time to Future-Proof Compliance is Now Compliance functions at financial institutions transformed markedly after the financial crisis. However, there are several emerging trends that will require even more radical transformation of Compliance over the next few years, including the further evolution of regulatory expectations related to conduct and culture, cost pressures on all parts of financial institutions and technological en... Resolution Planning for December Filers On August 2, 2016, the Federal Reserve and FDIC announced that 38 firms will be required to submit their next resolution plans by December 31, 2017, extending the existing deadline by one year. The Agencies also announced that they would provide feedback and guidance based on the firms’ 2015 plans, which is widely expected to be received before end of year to allow firms sufficient time to p... The Future of Technology in Mortgage Originations Just like the sci-fi enthusiasts who for years have dreamed of levitating skateboards, jetpacks, and “Beam me up, Scotty,” mortgage executives have long had their own futuristic vision: the e-mortgage. Since the early 1990s, voices in the industry have proclaimed that the paperless mortgage was just around the corner. And yet more than 20 years later, many mortgage institutions still rely on... Shifting Sands and Crumbling Towers The US mortgage market has changed dramatically since the financial crisis. While most of the banking industry has continued its decades-long consolidation, the mortgage origination industry has moved in exactly the opposite direction. Instead of consolidating, the post-crisis origination market has been characterized by the resurrection of independent mortgage lenders, the emergence of modu... Wealth Management The market for retail wealth management is undergoing a profound change. Shifts in investor demand, increased regulatory reform, and new forms of competition are working together to change client expectations of what is possible as well as how much they should pay for wealth management services. We argue that a fundamentally different approach to business design and cost engineer... Interaction, Coherence and Overall Calibration of Post Crisis Basel Reforms Massive changes have occurred in global financial regulation since the financial crisis, much of it led by the Basel Committee on Banking Supervision, in particular the sharp increase in banks’ required capital and liquidity levels. This report provides a comprehensive analysis of the potential costs of the new Basel standards on lending and capital markets. The study does not address the ve... China Banking Agenda Looking back at the past 20 years, the agenda of Chinese banks has been shaped by waves of evolution. Today, China is in the midst of another wave of change, with its business model transforming from one relying only on traditional lending business, towards one with a wider range of services and high proportion of fee revenues. This started from 2010, where banks began to offer bank wealth m... Global Wealth Management This report on the global wealth management industry, published jointly by Oliver Wyman and Deutsche Bank Research, provides insight into the outlook for the wealth management industry at a time of sustained interest in the sector among investors and financial institutions. Unlocking Economic Advantage with Blockchain There is a growing realization that distributed ledger technology — popularly known as blockchain — will bring a radical shift in the way we think about financial assets and the way the financial industry will operate in the future. The blockchain journey is likely to be long and the outcome is uncertain, but a consensus is forming that it is the real deal. Disregarding it is a risk. Ring-Fenced In response to the breakdown in cooperation between international financial supervisors and policy makers since the crisis, supervisors globally have sought to ring-fence local operations of the once free-roaming global bank, and to regulate and supervise these local operations much more aggressively. This has posed a significant challenge for Board members, particularly those of natio... Sector strategies Most banks would like to believe that they have a sector strategy. The reality, however, is that these claims are too often wide of the mark. In our experience, standard sector strategies are owned by the wholesale banking division, and are used solely as a means of allocating credit or organizing teams. What we define as a sector-led strategy is very different, indeed: It consists of... German Insurance 2025 Over the past decade, the insurance sector has undergone significant changes. But the issue of transformation has never been as crucial as it is today. There are a number of causes, including low-interest environments, Solvency II, digitalization and new customer journeys, cost pressure and new market entrants – to name a few. Insurers are proactively taking on the increasing pr... The time to future-proof #compliance at financial institutions is now https://t.co/89bwm1AQol MARSH GUY CARPENTER MERCER OLIVER WYMAN TERMS OF USE © 2016 OLIVER WYMAN GROUP