Infographic: the buzzwords of 2016

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CHANGING HORIZONS KEY ISSUES 32 _SECURITIES.BNPPARIBAS.COM WINTER 2016 | QUINTESSENCE_ 33 CHANGING REGULATION CHANGING TECHNOLOGY $15bn-$20bn The amount blockchain could save banks in cross-border payments, securities trading and regulatory compliance costs by 2022 “Blockchain technology continues to redefine the global financial economy” Bob Greifeld, Nasdaq chief executive In June, Nasdaq used blockchain technology to support its new private share-trading market “For better or worse, ’til death do us part, because the blockchain is forever,” The blockchain-recorded message logging the world’s first blockchain wedding, between David Mondrus and Joyce Bayo, October 2014, Orlando, Florida of asset owners look at risk on a daily basis 41% * 10 of 41* G20 countries who have implemented primary legislation to support automatic exchange of information 130 of 193* UN Member States who have siged up to the OECD’s global initiative on tax transparency 1 in 4 * asset owners view growing complexity of risk management as the biggest challenge over the next year Five critical issues are set to dominate financial services in 2016. Here are the words and trends you won’t be able to avoid. “The work on tax is the G20 at its best” Barack Obama SPEED OF GROWTH INDIA CHINA INDONESIA 7.3% 6.9% 4.7% 15% - 20% 43% * 50% * 45% * 68% * 33% * Percentage of total private banking costs spent on compliance Cited having the correct data for decision-making as the major challenge in risk mamagement Cited having the correct data to meet regulatory reporting requirements as the major challenge South America Asia Pacific EMEA 2015 GROWTH COMPARATORS CHANGING HORIZONS Convergence of developed markets growth with growth in emerging markets “In Asia Pacific a well-managed middle office function can add real value to an organisation” Mostapha Tahiri, Head of BNP Paribas Securities Services Singapore CHANGING BUSINESS MODELS *BNP PARIBAS SECURITIES SERVICES GLOBAL RISK SURVEY 2015 BANKING BANANA SKINS 2015: THE CSFI SURVEY OF BANK RISK *GLOBAL FORUM OF TRANSPARENCY AND EXCHANGE OF INFORMATION FOR TAX PURPOSES *BNP PARIBAS SECURITIES SERVICES GLOBAL RISK SURVEY 2015 OUTSOURCING AND RISK MANAGEMENT: THE NEXT FRONTIER? “The single biggest existential threat out there is cyber” Mike Mullen, former Chairman, US Joint Chiefs of Staff OUTSOURCING AND THE COST OF COMPLIANCE CHANGING ATTITUDES TO RISK Cybersecurity spending will grow twice as fast as physical security spending over the next five years Growth in advanced economies Growth in emerging markets 2014 1.8% 2.1% 2015 2.4% 2016 2014 4.6% 2015 4.2% 2016 4.7% n Pale green = Members n Grey = Non-members n Yellow = Expressed interest *117 ASSET OWNERS WITH USD 6 TRILLION AUM, BNP PARIBAS SECURITIES SERVICES GLOBAL RISK SURVEY 2015 SS&C TECHNOLOGIES 2014 Asset owners who outsource at least part of their risk reporting varies by region Signatories to the OECD’s Global Forum on Transparency and Exchange of Information for Tax Purposes *GARTNER 2015 ** MARKETS & MARKETS 2015 THE FINTECH 2.0 PAPER (SANTANDER INNOVENTURES, ANTHEMIS AND OLIVER WYMAN) BUZZWORDS OF 2016 Latest poll of senior bankers and regulators shows criminality (cyber attacks in particular) has risen from ninth last year to second place in the table of most serious threats 2015 $77BN* 2020 (PROJECTED) $170 BN** GLOBAL CYBER SECURITY MARKET GLOBAL PHYSICAL SECURITY MARKET 2015 $65BN** 2020 (PROJECTED) $105 BN** 2015 GROWTH IMF 2015, THE ECONOMIST POLL/ EIU FORECAST CENTRAL AMERICA 2015 (IMF ) 4.25% CHILE 2.8% COLUMBIA 3.3% MEXICO 2.4%

Transcript of Infographic: the buzzwords of 2016

Page 1: Infographic: the buzzwords of 2016

CHANGING HORIZONS KEY ISSUES

32_SECURITIES.BNPPARIBAS.COM WINTER 2016 | QUINTESSENCE_33

CHANGING REGULATION

CHANGING TECHNOLOGY $15bn-$20bn

The amount blockchain could save banks in cross-border payments, securities trading

and regulatory compliance costs by

2022“Blockchain

technology continues to redefine the global financial economy”

Bob Greifeld, Nasdaq chief executive

In June, Nasdaq used blockchain technology to

support its new private share-trading market

“For better or worse, ’til death do us part, because the blockchain is forever,”

The blockchain-recorded message logging the world’s first blockchain

wedding, between David Mondrus and Joyce Bayo, October 2014,

Orlando, Florida

of asset owners look at risk on a daily basis

41%*10 of 41*

G20 countries who have implemented primary

legislation to support automatic exchange of information

130 of 193*UN Member States who have siged up to the OECD’s global

initiative on tax transparency

1 in 4* asset owners

view growing complexity of risk management as the biggest challenge

over the next year

Five critical issues are set to dominate financial services in 2016. Here are the words and trends you won’t be able to avoid.

“The work on tax is the

G20 at its best” Barack Obama

SPEED

OF GR

OWTH

INDIA

CHINA

INDONESIA

7.3%6.9%4.7%

15% - 20%43%*

50%*

45%*

68%*

33%*

Percentage of total private banking costs spent on compliance

Cited having the correct data for decision-making as the major challenge in risk mamagement

Cited having the correct data to meet regulatory reporting requirements as the major challenge

South America

Asia Pacific

EMEA

2015 GROWTH COMPARATORS

CHANGING HORIZONS Convergence of developed markets growth with growth in emerging markets

“In Asia Pacific a well-managed middle office function can add real value to

an organisation”Mostapha Tahiri,

Head of BNP Paribas Securities Services

Singapore

CHANGING BUSINESS MODELS

*BNP PARIBAS SECURITIES SERVICES GLOBAL RISK SURVEY 2015

BANKING BANANA SKINS 2015: THE CSFI SURVEY OF BANK RISK

*GLOBAL FORUM OF TRANSPARENCY AND EXCHANGE OF INFORMATION FOR TAX PURPOSES

*BNP PARIBAS SECURITIES SERVICES GLOBAL RISK SURVEY 2015

OUTSOURCING AND RISK MANAGEMENT: THE NEXT FRONTIER?

“The single biggest existential

threat out there is cyber”

Mike Mullen, former Chairman, US Joint

Chiefs of Staff

OUTSOURCING AND THE COST OF COMPLIANCE

CHANGING ATTITUDES TO RISK

Cybersecurity spending will grow twice as fast as physical security spending over the next five years

Growth in advanced economies Growth in emerging markets2014

1.8% 2.1%

2015

2.4%

2016 2014

4.6%

2015

4.2%

2016

4.7%

n Pale green = Membersn Grey = Non-membersn Yellow = Expressed interest

*117 ASSET OWNERS WITH USD 6 TRILLION AUM, BNP PARIBAS SECURITIES SERVICES GLOBAL RISK SURVEY 2015

SS&C TECHNOLOGIES 2014

Asset owners who outsource at least part of their risk reporting varies by region

Signatories to the OECD’s Global Forum on Transparency and Exchange of Information for Tax Purposes

*GARTNER 2015 ** MARKETS & MARKETS 2015

THE FINTECH 2.0 PAPER (SANTANDER INNOVENTURES, ANTHEMIS AND OLIVER WYMAN)

BUZZWORDS OF 2016

Latest poll of senior bankers and regulators shows

criminality (cyber attacks in particular) has risen from ninth last year to

second place in the table of most serious threats

2015 $77BN*2020 (PROJECTED) $170 BN**

GLOBAL CYBER SECURITY MARKET

GLOBAL PHYSICAL SECURITY MARKET 2015 $65BN**2020 (PROJECTED) $105 BN**

2015 GROWTH

IMF 2015, THE ECONOMIST POLL/ EIU FORECAST

CENTRAL AMERICA 2015 (IMF ) 4.25%

CHILE 2.8%COLUMBIA 3.3%

MEXICO 2.4%