Channel Islands banking leaders broadly concur as Global banking industry names regulation & political interference as top risks ‘Banana Skins’ poll identifies top threats to banks Regulation and political interference topped the list of risks among the global banking industry (No.1 and No.2 respectively) – replacing 2012’s leading threat, the macro-economic environment, according to the Banking Banana Skins 2014 survey released on Tuesday 29 April 2014. Whilst here in the Channel Islands, PwC CI also surveyed a number of senior banking leaders across both Jersey and Guernsey in order to get a local perspective on how the CI banking industry ranked the same list of risks. Based on this local research, the raft of political interference from around the globe ranked highest, followed closely by regulation and technology risk, confirming there’s a substantial amount of consistency amongst the CI and global survey findings. The CSFI’s biennial Banking Banana Skins survey, produced in association with PwC, revealed the overwhelming message from respondents: the weight of new regulation is becoming excessive and could dampen economic recovery and growth. The poll is based on responses from more than 650 bankers, banking regulators and close observers of the banking industry in 59 countries.
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