The global financial crisis put banks in the spotlight and the results have been dramatic. The impact has been widespread, from government bailouts to restructuring and acquisition, and as a result a new focus on both costs and performance has put workplace and property high on the agenda. Regulation and monitoring have become a fact of life, liquidity and profits are strained
and talent attraction and retention has shifted its approach as bonuses have reduced. We are witnessing a radical approach to property, with portfolios being rationalised and new initiatives to reduce the cost of workplace introduced.
Through speaking to the major global banking groups, we have identified five forces which are driving a change in the way they think about workplace and property, and the extent to which this is already having an impact. These are: regulation, cost pressures, technology, geography and talent.