Sara Patel
Banks globally face a challenging operating environment but also have a window of opportunity to address information gaps between financial actors and government decision-makers, according to a report from Boston Consulting Group (BCG). Banks must set a bold agenda to drive growth, improve productivity and attract capital, so they can meet their obligations to drive economic growth and finance the climate transition. The report found that at least $7tn in value could be created over the next five years if they set ambitious goals. By creating full transparency on long-term regulatory objectives, banks and regulators can create win-win solutions for many economies by working together.
