Known Unknowns: The debates that will shape the future of financial services

What impact will the new Trump administration have on the global financial services industry? This is the pivotal question our clients are asking today. The answer has the potential to reinforce, accelerate, or disrupt the trends that have shaped the industry since the global financial crisis.

The challenge in forming a view on the changes to come is the wide range of possible outcomes on multiple fronts across the industry. Will capital requirements for US banks be eased? Will European regulators be forced to follow the US lead? Will these changes influence market structure and slow the advance of alternative liquidity providers, private credit, and other non-bank competitors? Where do crypto players fit into the evolving landscape? What if something goes wrong?

Recognizing it is impossible to predict every possible outcome or create a unifying theory for the future of financial services, we have leveraged our discussions with leaders and thinkers across the industry to identify the “known unknowns” that will be most consequential for the next four years. We’ve framed these as debates that we can explore together.

The debates that will matter, and the debates themselves, will evolve with time. That’s why we have designed this to be a dynamic guide, updated regularly with additional debates and new perspectives based on the latest analysis available.

Oliver Wyman is passionate about helping our clients thrive in uncertain environments. The foundation for success is a clear-eyed view of what may come. So, let’s dive in.

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