The banking industry, insurance companies, portfolio management firms and, more generally, the financial professions are entering a period of deep-going transformation imposed by the new regulations put into place since 2009, but also by the implementation of technologies that jostle the business models that are still in force today. Business lines forced on them and that have been placed under surveillance, the arrival of new players in the markets, the emergence of new risks—these are the new parameters that financial group managers have to take into account.
The authors of this issue of the Revue d’économie financière do not claim to know what is going to happen, but propose to be open to these changes and to acquire the tools necessary to understand them, particularly by recruiting talent. After putting these stakes into perspective, the review takes up the specific challenges which confront the three main sectors of the financial industry: banks, asset management, and insurance.
Beyond this main theme, this issue offers two articles on different current economic and financial subjects, one that details the importance of loan repayments for French household savings, and the other that takes up the role assumed by socially responsible offerings to finance French regions.