The duration of the financial crisis remains unknown, and its effects will vary by market.
The industry must now find ways to deleverage balance sheets, manage portfolios of underperforming assets, seek new sources of capital, and enhance risk management processes and organization. Of course, these actions will also coincide with increased government oversight. Virtually all sectors of the industry will be profoundly changed.
Notwithstanding anticipated future turbulence, this environment does present opportunities for savvy players to out-perform their "average" peers. This will occur in part through the implementation of cost reduction policies, strategies to gather new deposits and customers, challenging troubled competitors and, targeted M&A activities.
To navigate the current trends, financial services companies require access to a wide variety of skills in different domains, all aimed to ensure the institution is adequately rewarded for taking on risk, within established constraints. With new industry regulations on the horizon, and in anticipation of new financial product evolution/creation to distribute exposure beyond the initial origination function, these are exciting times for the financial services industry. We are enthusiastic about assisting your success in this environment.
To assist its clients with these challenges, FRA provides an integrated and multidisciplinary practice, to banks, insurance companies and asset managers--domestically in the US and across borders as needed.
Banking
Insurance
Asset Management