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  • Industry: Financial Services
  • Type: Survey report
  • Date: 8/30/2012

Focus on Transparency: Financial reporting of European banks in 2011 

The sixth edition of Focus on Transparency examines if banks can survive the storm. With unpredictable economies and highly volatile financial markets the European banking system is facing some of its toughest tests. These banks should be seeking to rebuild shattered trust and confidence, rein in costs, increase lending and de-risk the balance sheet, all while delivering improved shareholder returns.
Focus on Transparency – Financial reporting of European banks in 2011
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There are, however, clear and fundamental conflicts between these needs, which fight against each other for dominance. In many ways they represent an unwinnable war. And yet banks continue to survive. It is clear that, fundamentally, the business of banking is moving in a new direction and the idea of what constitutes 'normal' performance is changing.


The report provides analysis of 15 of the largest European banks and discusses their priorities, as set out in their annual review, against their financial results and the wider economy. The surveyed banks consistently report four priorities as the cornerstones of their future strategies: core business; cost control; customer-driven business; and return on equity.

 

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Mary Filippelli

Mary Filippelli

Financial Services National Industry Leader & National Banking Sector Leader

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