This week we continue our conversation with Adrian Docherty, who heads up BNP Paribas’ Bank Advisory team. His team helps banks who are customers and counterparties of BNP Paribas to improve their management of risk, capital, funding, liquidity and profitability. He is also the author of Better Banking: Understanding and Addressing the Failures in Risk Management, Governance and Regulation. Second of two parts – View part one
The Lead Left: What are your clients doing in response?
Adrian Docherty: Certain business lines are slipping from attractive to unattractive. For example, almost every European universal bank is scaling back. Deutsche Bank, Barclays, Credit Suisse, … Being global is less attractive, less profitable than before. UBS, for example, had a major chunk of their business in investment banking and capital markets, but it’s now a mere shadow of what it used to be. Switzerland simply doesn’t want to domicile a huge investment bank any more.