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奥纬咨询:2023年度批发银行业展望报告(英文版)(29页).pdf

2023-12-28
文档编号:150074
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1、 BluePaperGlobal Banks&Asset ManagersInto the Great UnknownTwo forces will drive Wholesale Banks to adapt in the next cycle:1)the end of lower for longer rates,and 2)potentially diverging capital standards between the US and other jurisdictions,benefitting non-banks and banks outside the US.Our fram

2、ework assesses the wide range of potential outcomes.Morgan Stanley does and seeks to do business with companies covered in Morgan Stanley Research.As a result,investors should be aware that the firm may have a conflict of interest that could affect the objectivity of Morgan Stanley Research.Investor

3、s should consider Morgan Stanley Research as only a single factor in making their investment decision.For analyst certification and other important disclosures,refer to the Disclosure Section,located at the end of this report.+=Analysts employed by non-U.S.affiliates are not registered with FINRA,ma

4、y not be associated persons of the member and may not be subject to FINRA restrictions on communications with a subject company,public appearances and trading securities held by a research analyst account.Oliver Wyman is a global leader in management consulting.For more information,visit .Oliver Wym

5、an is not authorized or regulated by the PRA or the FCA and is not providing investment advice.Oliver Wyman authors are not research analysts and are neither FCA nor FINRA registered.Oliver Wyman authors have only contributed their expertise on business strategy within the report.Oliver Wymans views

6、 are clearly delineated.The securities and valuation sections of this report are the work of Morgan Stanley only and not Oliver Wyman.For disclosures specifically pertaining to Oliver Wyman,please see the Disclosure Section located at the end of this report.BluePaper2Dylan WalshPartner+1 646 364 867

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