Regulatory constraints on bank balance sheets may result in reduced market liquidity, but regulators are willing to pay that price to build more resilient financial institutions.

The search for industry standards focuses minds on fostering an open and innovative environment where good conduct and good performance co-exist.

The UK's Senior Managers Regime seeks to formalise responsibility for risk, yet the threat of cyber attack sits outside of traditional risk governance standards, and means that protecting against such attacks will require a rethink of the traditional 'three lines of defence' model.

With post-crisis recapitalisations hopefully in the past, stress-testing has become a means to push banks to enhance their risk and data governance.

Strengthening EU equity and venture capital markets is a valuable idea, but its success will still depend on a change in investor attitudes and a reduction of sovereign risks.

Structural reforms have consumed an immense amount of time and effort from regulators and industry participants in the past few years, but will they be made obsolete by more general changes to the global banking market? 

As 2015 comes to an end, The Banker has brought together a group of high-profile experts in the world of finance and economic research to predict what will happen in the next 12 months. Silvia Pavoni asks them to share their views on the global economy and on what factors will shape banking in the future. 

The Financial Stability Board has worked hard to complete its total loss-absorbing capacity rules for banks, and individual jurisdictions must ensure clear and co-ordinated implementation.