‘Banking sector over-regulated’

Over-regulation, a shortage of talent, and technology are the biggest threats to growth in the banking sector, according to a global survey of bank CEOs.

While nearly all of the CEOs surveyed by PricewaterhouseCoopers (PwC) felt that the revenues at their banks would continue to increase over the next three years, many felt that the industry was over-regulated.

PwC surveyed 133 banking CEOs across the world and found that 56% of them believed that economy will improve in 2014 compared with only 19% last year.