The topic of this year’s Geneva Report on the World Economy will be “the future of banking.”
The Geneva Report has been published every year since 1999 by the Centre for Economic Policy Research (CEPR) (a full list including each year’s theme and authors here) and is commissioned by the International Center for Monetary and Banking Studies (ICMB), a research foundation affiliated to the Graduate Institute of International and Development Studies in Geneva.
This year’s report will consider how advances in information technology are changing the landscape of financial services provision and how those advances may be changing the optimal scale of banks. It will also consider whether banks traditional advantages of funding through deposits and information gathering area being eroded by the presence of market-based institutions with access to cheap funds and e-commerce platforms and by big tech firms with large established networks, which by analysing purchase and payments patterns, can gauge users’ creditworthiness.
The authors of the report (Kathryn Petralia, Kabbage; Thomas Philippon, NYU Stern School of Business; Tara Rice, Bank for International Settlements and Nicolas Veron, Peterson Institute for International Economics and Bruegel) are asking for input from market participants.
To supplement the report, the authors are undertaking a short voluntary qualitative survey of market participants (banks, nonbank financial institutions, fintech firms, regtech firms, and bigtech firms). This short survey seeks to gather responses about technology disruption in financial services, and its impact on competition, product offering and pricing, and developments in financial institutions’ relationships with customers.
The survey may be found here: https://bis.datacoll.net/iypxeyzyyo?l=en
More detailed instructions can be found here. The authors stress that all responses will be kept strictly confidential, and data handling arrangements are described on the sites linked above. For any questions: please reach out to [email protected]. The authors would greatly appreciate market participants’ input and would be happy to share the survey results and draft paper when it is ready. Responses are requested by 13 May 2019.