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Bank reserves here to stay, Strategic cost transformation in asset and wealth management
Monday 29 June 2020Â – Vol.11 Ed.27.1
Commentary: Bank reserves here to stay
By Chris Papadopoullos in London
It is difficult to see any scenario under which reducing reserves would be the smoothest way forward for the Bank of England. If the next several years are deflationary, policy won’t need tightening. If the world economy starts on a path of higher demand, inflation and market interest rates, reducing reserves will be a tough ask. If the post-lockdown economy is an inflationary one, prudential tools will be the best demand management tool at the BoE’s disposal.
Read the full commentary on the website.
Podcast: EY-OMFIF Covid response series, part four
Marcin Stepan and Mike Lee, EY’s global wealth and asset management leader, discuss the pandemic’s effect on asset management. They focus on the financial fallout from the crisis as companies face shrinking revenues and operating margins. They examine the challenges and opportunities in strategically approaching cost reduction and control, while ensuring scalability and elasticity to meet future growth needs.
Listen to the recording, or search ‘OMFIF’ on your smartphone’s podcast app.
