Using Scenario Planning to Guide Strategies: Ernst & Young and Knowledge@Wharton Propose Three Key Strategies for Global Banks to Plan for Future Growth

Scenario planning exercise helps global banks develop capabilities needed to succeed amidst regulatory and economic uncertainty.

New York, NY, July 23, 2012 — Uncertainty about the global economy, particularly worries about the Eurozone and continued regulatory change, are clouding banks’ plans for the future. Banks need to cut costs while building their capital positions to meet regulatory requirements and seize new opportunities quickly. So, what should global banks do right now? Ernst & Young and Knowledge@Wharton answer this important question in their latest video series titled Using Scenario Planning to Guide Strategies. The series explores how global banks can use dynamic scenario planning to prepare for the future and highlights three key strategies: move into emerging markets, develop a nimble culture and invest heavily in technology.  MORE