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50% of the 350 c-suite executives and senior managers from Luxembourg’s financial centre surveyed by Luxembourg for Finance in April 2021, believe the global financial services industry to be resilient in the medium term. This represents an increase of 7% compared to October 2020. Only 24% still see the market environment becoming more volatile and 23% expect major risks and disruptions ahead.
Navigating the risks associated with geopolitics, economic uncertainty and climate change are the primary concerns of the senior leaders in the financial services industry over the next 12-24 months. Covid-related bankruptcies are seen as a less pressing risk, having been priced in to a large degree.
The crisis also seems to have an impact on the operational...
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