奥纬咨询：2023年度批发银行业展望报告（英文版）

We expect these changes to influence the revenue and returns outlook for the industry. In March of this year, rapidly rising interest rates triggered a contained banking crisis that challenged some longstanding assumptions about liquidity and interest rate risk management in banking. Structurally higher interest rates put the brakes on demand for the Advisory and Underwriting business that fueled industry revenues and returns through the pandemic. And new capital rules, particularly th