Global

Cost management 

In late 2008 financial organizations moved virtually overnight from an unprecedented period of revenue growth and cheap money, to one where the daily challenge of balancing capital requirements, risk and liquidity is a drain on management focus.
Cost management
In this new situation cost management is one of the few directly controllable and manageable profit drivers. But slashing costs on training and headcount is not necessarily the answer. Management of cost is a highly complex issue that is best addressed at strategic level. Wherever cost savings are to be made they must be done in a way that delivers revenue growth and profits in the future, rather than a quick hit with short-term gain which can destroy long-term shareholder value.