An industry in turmoil
The Centre for the Study of Financial Innovation (CSFI) has recently completed its
12th banana skins survey of leading members of the finance industry to find out their concerns about the soundness of the financial markets.
The survey, sponsored by PricewaterhouseCoopers, puts together a league table identifying potential sources of risks to banks and ranks them by severity. This year’s survey is based on nearly 400 responses from 38 countries.
The annual poll is dominated by concerns over current market conditions, notably the liquidity shortage and the crunch in the credit and derivative markets. The fear that these strains will lead to a global recession is high.
