system shock 2 research wihtout spending

For banks, 2022 has been a tumultuous year of shocks and growing uncertaintyīanks rebounded from the pandemic with strong revenue growth, but the context has changed dramatically. Despite lingering skepticism and concerns about greenwashing, we find strong evidence suggesting that climate-related financing is entering a “next era,” as the initial surge of funding for renewable energies gives way to a deeper engagement with banking clients across all sectors. In this year’s Global Banking Annual Review, we take a closer look at the roller-coaster ride banks have been on over the past months, the growing divergence between banks with different profiles in different countries, and the factors that make the best performers stand out.Īt a time of growing corporate and government commitments to reduce greenhouse-gas emissions, we also shine a spotlight on sustainable finance, a much-discussed theme in banking. Banks overall continue to trade at a steep discount to other sectors, a reflection of the fact-confirmed once again in 2022-that more than half of the world’s banks earn less than their cost of equity. One thing didn’t change, however: valuations. Special Report Global Banking Annual Review 2022: Banking on a sustainable path (46 pages)įirst the pandemic, and now inflation, war, rising interest rates, supply chain disruption, and more: for banks globally, the combination of macroeconomic volatility and geopolitical disruption in 2022 overturned many assumptions and ended more than a decade of relative stability.

System shock 2 research wihtout spending